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Lake Agassiz Development Group

Listed
Direct business lender for sBA 504 loans and term loansFargo, North DakotaBased in North Dakota; service area not yet provided
BBLL 000520Listed Nov 2026From public recordsLast checked Nov 1, 2026
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About

Lake Agassiz Development Group provides North Dakota SBA 504 financing, microloans and energy-efficiency project lending with program-specific coverage.

Direct business lender. Directly funds business financing; products and terms depend on the lender.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

SBA 504 loansTerm loansWorking capital loansEquipment financingCommercial real estate loans
General small business
From the lender's own site and public records.

A second look at Lake Agassiz Development Group

Lake Agassiz Development Group provides North Dakota SBA 504 financing, microloans and energy-efficiency project lending with program-specific coverage.

Regional development lender and Certified Development Company; different funds have separate requirements.

Published by Levr, not by Lake Agassiz Development Group. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked November 1, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

SBA 504

Uses and geography
Fixed-asset financing for startups and expanding small businesses across North Dakota.
Typical structure
50% qualified lender, 40% SBA 504 and 10% equity, with higher equity for startups or special-purpose buildings.
Terms
The site lists 20- or 25-year real estate terms and 10-year equipment terms.

Provider sources: SBA 504 official source · SBA 504 official source

Microloans and energy efficiency

Microloan
Up to $50,000 for new and existing small businesses in North Dakota and seven Minnesota counties; working capital, inventory and equipment uses.
Energy efficiency
Commercial building upgrades in North Dakota require a qualified lead lender; the site describes typical loans from $50,000–$1 million.

Provider sources: Microloans and energy efficiency official source

When it may fit

Our assessment of the published programs

  • North Dakota businesses buying fixed assets or seeking smaller community credit.

What to weigh carefully

  • Minnesota coverage applies to the microloan fund, not automatically every program.
  • Confirm permitted microloan uses; the combined page includes multiple funds and does not make all listed uses interchangeable.

Questions before you accept an offer

  1. Which fund covers my business and county?
  2. What equity, lead-lender participation and collateral are required?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Lewis & Clark Development Group

Lewis & Clark Development Group offers another North Dakota development-finance route.

Live Oak Bank

Live Oak offers an SBA bank comparison for eligible business projects.

The lender

Type
Direct business lender
Legal name
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Founded
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Charter
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Headquarters
Fargo, North Dakota
Service area
Based in North Dakota; service area not yet provided
Meets in person
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Languages
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Program approvals
SBA 504
Also lends to consumers
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Website
lakeagassiz.com
LinkedIn
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Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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