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Rural Economic Development Loan Program

DVEC is able to offer funding for new businesses and business expansion projects through USDA's Rural Economic Development Loan Program.

Loans are available to qualifying businesses for up to $740,000 at zero-percent interest for 10 years.

To date, 17 projects have received funding through DVEC's Rural Economic Development Loan Program. Successfully qualifying for funding to date are:

  • Super 8 Motel - Edgeley
  • Minn Dak Yeast- Wahpeton
  • Cenex Harvest States - Fairmount
  • Five Star Dairy - Hankinson
  • Hutchinson Wilrich - Wahpeton
  • Good Oil Company - LaMoure
  • LaMoure Feed & Seed - LaMoure
  • Cenex - Ellendale
  • LaMoure and Ellendale Equipment
  • Green Implement - Hankinson
  • Tri-State Fertilizer Terminal, LLC - Fairmont
  • New Fire Hall - Edgeley Fire Department
  • Oakes Ambulance Service
  • City of Oakeswater and sewer expansion
  • DwightFire Department upgrades
  • Dialysis TreatmentCenter building
  • Giant Seeds plant expansion

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