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Published October 08, 2010, 08:16 AM

N.D. businesses get loan grants

Seven North Dakota businesses will get federal grants under a new small business loan program, the state’s congressional delegation announced Thursday. The loans, which total about $2.9 million, are funded by the Small Business Jobs Act, signed into law last month. The act aims to give small businesses access to capital.

By: Forum Communications Co. Report, The Jamestown Sun

Seven North Dakota businesses will get federal grants under a new small business loan program, the state’s congressional delegation announced Thursday.

The loans, which total about $2.9 million, are funded by the Small Business Jobs Act, signed into law last month. The act aims to give small businesses access to capital.

The biggest loan recipient is Twete Inc., a Devil’s Lake agriculture equipment dealer. The company received about $1.5 million.

Fargo’s Colortech Holdings will get $654,000. West Fargo’s GMR Leasing Inc. will get $55,000.

The other loan recipients are Dairy Barn restaurant in Dickinson, Double M Helicopters Inc. in Mandan, Energy Contract Services in Watford City, and On-Site Aviation Inc. in Hillsboro.

The Forum of Fargo-

Moorhead is owned by Forum

Communications Co.

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