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Local businesses expected to benefit from new access to loans

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In an effort to find new ways to help small and start-up businesses in the region, Dakota Certified Development Corporation (Dakota CDC) is working with Bank of America to unlock low-cost capital for small business expansion and job creation. Dakota CDC announced Monday that it has received a $50,000 grant from Bank of America for use as loan loss reserves to administer a U.S. Small Business Administration (SBA) program identified as the Intermediary Lending Program (ILP).

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