COVID-19 Small Business Resources

Published: Apr 2, 2020 3:03:22 PM

We’ve gathered up some helpful resources for North Dakota small businesses suffering from the effects of the COVID-19 virus.

SBA Economic Impact Disaster Loan Program
The SBA’s Economic Injury Disaster Loans (EIDL) offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome temporary loss of revenue. Learn more at

North Dakota Small Business Development Center
Your ND Small Business Development Centers, ND Procurement Technical Assistance Center and VBOC of the Dakotas programs are focused on assisting with the continuity of operations of our small business clients across the state. Our commitment is to share the most timely information, processes and resources available. The following is information and available resources to help you during this period of uncertainty. Learn more here:

North Dakota Department of Commerce
The North Dakota Department of Commerce has posted information, resources and plans to host ‘business briefings’ every Thursday at 11:00 a.m. Learn more:

CARES Act SBA Paycheck Protection Program (PPP)
Applications opened on April 3, 2020 for small businesses and sole proprietors and on April 10, 2020 for independent contractors/self-employed. Applications are open through August 08, 2020. According to the SBA, this includes $349B in forgivable loans at a 1% interest rate. This program covers payroll, benefits, rent, mortgage interest and utility costs for a period of 8 weeks. Applications are processed through banking institutions, to apply for a SBA PPP loan at The Bank of Tioga, please contact David Grubb (contact info listed below). Learn more on our blog

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The Bank of Tioga Small Business Loans and Lines of Credit
Although the way we have served you has changed, our lending team is here to help. The Bank of Tioga may be able to provide loans or a line of credit to help your business through this difficult time. Our goal is to host all meetings on the phone or using video conferencing, leveraging our investment in technology and tools like DocuSign to create a great experience during these unprecedented times. Contact a loan officer to apply.

Tioga: David Grubb, (701) 664-3388
Tioga: Wendy Lenzen (701) 664-3388
Crosby: Krista Verlinde (701) 965-6333
Crosby: Savanna Hendrickson, (701) 965-6333
Crosby: Lee Rindel, (701) 965-6333

The Bank of Tioga Cash Management
If your business is distributing payroll through paper checks, now is a great time to switch to ACH origination which allows you to disburse employee payroll through direct deposit. Please contact us for this and additional cash management services.

Federal Tax Deadline Extended
The Federal Tax deadline has been delayed until July 15, 2020. This allows all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest. Additionally, this allows corporate taxpayers a similar deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest. If you need assistance with your taxes, please reach out to Collins Consulting at 712.487.3853 or email them at

Additional Resources:
IRS Coronavirus Tax Relief
Small Business Owner’s Guide to the CARES Act

The Bank of Tioga believes that a community is only as strong as its small businesses. We are here to support you and your business during this unprecedented time, please don’t hesitate to reach out.


*updated 4/06/2020