Gate City Bank is here to help business owners, like you. 

If you are concerned with late payments, payroll or any financial issues, please reach out directly to us at 701-293-2400 or 800-423-3344, or contact the business lending team.  

The U.S. Small Business Administration (SBA) has disaster loan programs available to help small business owners cover costs such as operating expenses and loan payments.  

The SBA provides low-interest, long-term disaster loans for businesses. The disaster loans offer an affordable way for businesses to recover from declared disasters such as COVID-19. If you are interested in an SBA loan, we would suggest applying for an SBA loan as soon as possible, as SBA processes them in the order they are received. 

About SBA’s economic injury disaster loans*: 

• Up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 
• Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses, and the interest rate for non-profits is 2.75%. 
• SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years.   

How to apply 

Apply for a disaster loan online from the secure SBA website or in person at a disaster center. Find a local disaster center or contact SBA’s Customer Service Center at 800-659-2955 (TTY: 800-877-8339). For more information on the application process and required documentation, review the SBA’s application guide. 

For North Dakota, please check out the North Dakota SBA district office for other specific resources regarding your business. 

For Minnesota, please check out the Minnesota SBA district office for other specific resources regarding your business.