Lake Agassiz Development Group

Lake Agassiz Development Group serves businesses, individuals and local jurisdictions in the southeast region of North Dakota and statewide through a variety of state and federal programs.

Lake Agassiz Development Group (LADG) consists of two non-profit entities located in Fargo, ND that serves businesses, individuals and local jurisdictions in the southeast region of North Dakota and statewide. LADG provides direct lending programs as well as helps clients identify and secure financing sources for projects including state and federal sources. LADG also assists Townships and communities with planning and zoning needs and provides other project specific services as needed.

Wishing all our partners and clients a blessed Thanksgiving! We're thankful that you are all a part of our story!

LADG is now accepting applications for the “Main Street” portion of its Community Development Block Grant program. Private property owners can apply for funds that may be used towards repairs and improvements of their building’s façade, rehabilitation of the interior, fixing of building code issues, and preservation of historic architectural features, among other elements. For more information about this program and to find out if you qualify, contact Mitch or [email protected].

Continuing to CELEBRATE since we had so much fun CELEBRATING our open house you last week we didn’t get any pictures. Thanks to EVERYONE who stopped by!!!

From all of us at Lake Agassiz Development Group; thank you Veterans for your service and sacrifice.

Reminder this event is on Wednesday. It's filling up fast but there will be a stand-by line that day to try to fit additional people in!

We’re proud to partner with @Google and welcome #GrowWithGoogle to #NorthDakota. Join us at the Fargo Public Library - Downtown. Grow your skills, career or business on October 30th. Register for the free event:

We’re proud to partner with @Google and welcome #GrowWithGoogle to #NorthDakota. Join us at the Fargo Public Library - Downtown. Grow your skills, career or business on October 30th. Register for the free event:

Had the opportunity today to celebrate the the early completion of Phase 1 of the Main Avenue reconstruction with Fargo Moorhead West Fargo Chamber of Commerce and all our neighbors here in Downtown Fargo! We love the expanded sidewalks in front of our building!

October 24: Startup Success Virtual Conference

Watch live webinars, meet other business owners and get free advice from SCORE mentors on October 24th. Listen to industry experts from FedEx, Grow with Google and more. Sign up today! The Startup Success Virtual Conference will offer 9 webinars, one-on-one mentoring sessions, networking chat rooms, exhibitor booths, prizes and resources.

Stop and see us, Thursday, November 7th from 3-6pm! Please RSVP at

[10/15/19]   Looking for a gift idea? Butter Creations by Anne makes a variety of honey butters. They can design a custom label for your business needs! You’ll not only have a delicious gift to give, but one that will make a great impression!

SBA 504 FIXED Interest rates are available for commercial projects from $25,000 to $5,000,000. Lake Agassiz has earned the reputation for being efficient, ethical and committed to the needs of the borrowers, lenders and our communities.
If you have any projects you would like to discuss, please give us a call or email.

Glad to be at the Western Governors Association Fargo workshop Reimagining the Rural West. Great ideas from our state and beyond!

We all hope there’s plenty of food truck weather left this fall. Just to be safe, we’d recommend finding Detroit Deli Food Truck soon! So glad we were able to help you get started, Julie!

We will be at Swanson health today, 11-2 and 5:30-6:30. 40th ave South this one is open to anyone! Well see you there!

[09/16/19]   Heading to Hillsboro tonight for a public hearing about an exciting new company 1881 Extraction Co.. If you're a new or expanding business we may have a program to help with your financing needs! Give us a call!

[09/09/19]   Busy week ahead! Excited to meet with Steele County Job Development and see where we might collaborate. Have an idea we might help you move forward or a meeting you'd like us to attend? Just reach out! [email protected]


-Low FIXED rate financing
-Terms up to 25 years
-Down payments as low as 10%

Contact Pam for more information!

Another great idea to move the needle on a rural housing problem is “cottages” as an infill option on difficult lots. We will be following up on best practices in Nebraska!

Attending the nine state Denver regional conference for economic development. Conferences such as this provide a terrific place to gather with colleagues, share ideas, and learn together.

Favorite idea so far are the state initiatives collaborating with prison labor to address single family home shortages in SD and carried over to IA and working with the Regional Council networks. In IA, this is being used to address a rural housing crisis where there has not been new construction in years.

Aimed at 100% of area median income for the buyers. Some have been aimed for infill properties as well as developing new subdivisions. In SD, these are 1,200 sq ft homes, 3 bedrooms and 2 baths, and a full unfinished basement.

“Houses are where jobs sleep.” As we continue our focus on workforce development and lack of people to fill the jobs we have we know that housing is a piece of the puzzle.

Amber Metz of the Lake Agassiz Development Group headquartered in Fargo speaking this morning about revolving loan fund marketing.

So glad to be in Denver learning with Economic Development Districts from across the region and it’s a special treat to hear from Dr. Fleming, Assistant Secretary of Commerce for economic development.

Does your town have buildings in its downtown that would benefit from some renovations? If so, reach out to LADG for information about a potential grant program that is in the works.
Pictured below is an historic building in Lisbon which is being renovated with assistance of grant funding.

Congratulations Olr Transportation on your recent expansion! We were proud to assist you with finding a good fit for financing. You had another great partner in Matt Gruchalla at Bell Bank! We're excited to see you continue your success!

Residents of Cass County are encouraged to review and submit feedback on the county's updated multi-hazard mitigation plan. Following the public comment period, the draft will be submitted to the State of North Dakota and the Federal Emergency Management Agency.

The purpose of the plan is to identify cost-effective and sustainable actions to reduce or eliminate the long-term risk to life and property resulting from natural hazards such as tornadoes, flooding, blizzards, straight-line winds, ice storms, heat waves, and droughts.

You may review this plan by clicking on the link below. Comments shall be directed to Mitch at Lake Agassiz Development Group.

[08/21/19]   The holiday season is right around the corner! If you or someone you know is in need of funds to purchase additional inventory for their business, the Microloan program is a great fit! Contact Kelly today!
[email protected]

Local Foods, Local Places | US EPA

If your town is looking at revitalizing neighborhoods or its Main Street through the development of local food systems, the Environmental Protection Agency is offering free technical assistance with its “Local Foods, Local Places” program. They will assist with community-driven efforts that create economically viable towns, increase access to healthy local food. and protect the environment.

Applications for this program are due September 30th. More information can be found at the link below. The Local Foods, Local Places technical assistance program protects human health and the environment, spurs revitalization, increases access to healthy foods, and creates economic opportunities by promoting local foods.

We had a ton of fun at Independent Community Banks of North Dakota's state convention over the past few days. Congrats Bob Larson on winning our drawing! Until next year...don't forget to call us if there are financing gaps to fill with your business clients!

WHAT? SBA 504 Loan Rates as low as 3.531%!!
If you have been considering a SBA 504 loan for your project or refinance, now is the time!
Please give us a call today.

Couple pour hearts into Dakota Vines Vineyard and Winery south of Fargo | INFORUM

If you didn't make it last weekend, make plans to go soon! Congratulations Dakota Vines Vineyard and Winery it's been wonderful to be part of your journey! Can't wait to see what's next! Way to go Bob & Deb! news, sports, opinion, entertainment, business, lifestyle, milestones, obituaries and weather for Fargo, ND

Office Space Available. 4 newly built offices for lease available in downtown Fargo at the Irv Rustad Regional Small Business Center. Approximately 140 sq feet a piece. Easy parking and administrative services available. Call Don at 701.235.1197 for pricing details or to schedule a walk through.

USDA Has More Than $400 Million Still Available for Renewable Energy System and Energy Efficiency Loan Guarantees

If you are a rural small business owner or farmer and are looking at reducing your energy expenditures, USDA Rural Development has funds available for the installation of renewable energy systems and for energy efficiency improvements. If interested, contact the Rural Development Office for North Dakota at (701) 530-2037 or [email protected]. WASHINGTON, July 18, 2019– Acting Assistant to the Secretary for Rural Development Joel Baxley today encouraged farmers, rural small businesses and agricultural producers to apply for financing in a key U.S. Department of Agriculture (USDA) program that provides loan guarantees to help rural small...

SBA 504 loan rates keep dropping! Give us a call for more details! You don't want to miss out!

Happy to help Lidgerwood define their best way forward! Excited to cheer them on & be a part of implementation.

These are the results from the strategic planning meeting that the Lake Agassiz Development Group put on for our town late last year.

Market Research: Is Your Business Idea Viable?

Do you have a great idea but are unsure if it can be a full time endeavor? Take advantage of this FREE SBA training to position yourself to make more informed decisions! Conducting market research allows the entrepreneur to verify three things regarding a new venture: 1. Are there enough potential customers to create a viable market share for the product/service offered; 2. The product/service of the business provides "value" to this customer base; and 3. The custom...

You cannot beat these 20 & 25 year FIXED Interest rates! Available for commercial purchases, new construction, and refinances from $25,000 to $5,000,000. Lake Agassiz has earned the reputation for being efficient, ethical and committed to the needs of the borrowers, lenders and our communities. If you have any projects you would like to discuss, please give us a call or email.

Fargo training firm uses transformative mediation to help couples navigate divorce | INFORUM

Check out Troy and Laura with UPStream Growth Consultants! RSBC is proud to provide them the space and services to help their business flourish! news, sports, opinion, entertainment, business, lifestyle, milestones, obituaries and weather for Fargo, ND

Let Lake Agassiz assist you and make it happen! Whether you have a client looking to start a new business, grow an existing one, or even looking to refinance, Lake Agassiz Development Group has various options. Our experienced loan team will assist you in a custom loan package with rates and terms that will fit your client’s needs.

We checked out the new Hooligan's Bar and Grill for lunch today! Staff recommendations: Pizza & Burgers

Join Us in Oakes — Leadership and Civic Engagement Energizing Entrepreneurs, a statewide conference for entrepreneurs in rural communities, is designed to inspire and provide resources for anyone who wants to start or support a small business in their rural community. High School students are encouraged to attend at no cost (meals not provided).

Unsung Heroes

LADG is fortunate to have Bob Wurl serve as a board member. Thank you for all you do for Hankinson, our region and beyond! Editor’s Note: ‘Unsung Heroes’ within our communities are people who make an impact on our cities while steering away from the spotlight.

Spring time = Construction season! If you're joining in on the fun and want fixed rate financing at the below low rates, let us know! The 504 program offers a 25 year term with down payments as low as 10%!

The Bismarck Tribune

House Bill 1066, now made law, adds new "buckets" to the state funds filled from oil tax revenue, to be distributed throughout North Dakota for city, county, township and airport infrastructure projects.

Beautiful day to be in Washington DC advocating for the programs we count on to better serve North Dakota!

[03/13/19]   Pre-applications are now being accepted for the 2019 Community Development Block Grant program. Grant funds may be used towards public infrastructure, housing rehabilitation, and renovations to meet ADA accessibility requirements to name a few of the eligible activities. To find out if your town's project idea is eligible, please contact Mitch Calkins at Lake Agassiz Development Group. Pre-applications are due May 20, 2019.

Wow! Check out the SBA 504 loan rates for March! These are fixed rates with down payments as low as 10%!!

It's the last month of the 5 - 5 - 5 offer! Give us a call or send over an email. We'd love to help you out!

[02/19/19]   For those who live in Richland County, the Federal Emergency Management Agency (FEMA) will be holding an open house tomorrow to present the results of a recently completed study and its accompanying preliminary floodplain maps. Representatives from various local, state, and federal agencies will be present to answer questions about flood risk, flood insurance, development regulations, and floodplain mapping process. Property owners, realtors, lenders, and insurance agents are encouraged to attend in order to learn more about flood risk and management in their communities.

The public open house will be held at the Breckenridge Senior Citizens Center (225 5th St, Breckenridge, MN 56520) from 4:00 to 6:00 pm.

The SBA 504 February rates are AWESOME!

We are also running a 5-5-5 special for Microloans.
$5,000 – 5 years at 5.00%!
Great for those who need assistance for little improvements or working capital needs.

Want your business to be the top-listed Finance Company in Fargo?

Click here to claim your Sponsored Listing.




417 Main Ave
Fargo, ND

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00
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