Fargo

57
  • Number of Businesses: 2,812
  • Number of Small Business Advances: 781
  • Yearly Small Business Revenue: $10,210,798
  • Two-Year Survival Rate: 75%

Home to over 14,000 students is North Dakota State University located in Fargo. Fargo’s economy is growing everyday with a history in agriculture, but today it’s dependent upon food processing, retail trade, technology, manufacturing, and healthcare. Accounting for 16 percent of the total state population, Fargo is home to many museums like the Fargo Air Museum and Plains Art Museum. With around 75 percent of small business succeeding in the area, it’d be foolish to ignore the fact of opening up a company in Fargo. Just be sure to go somewhere else besides the banks for your business loan.

  • Fargo is home to 2,812 unique small businesses
  • Out of those, 781 took out small business loans
  • The yearly total small business revenue in Fargo is $10,210,798 (as of 2007)
  • Roughly 25% of Fargo small businesses will close within two years of opening

Credibly is the place to go to when you need business funding.  The banks are no longer a necessity when it comes to attaining a business loanbecause Credibly has all the business funding that you could need.  Whether it’s 5,000 or 250,000 dollars, Credibly has funding for if you want to replace a few things around the building, or if you want to build a whole addition onto the building that you already have.  Nobody wants to take up a whole day traveling to the bank and filling out useless paperwork for hours so, why would you?  Pre-qualifying with us only takes 15 minutes to do, and after that you can go on with the rest of your day, taking care of the important tasks that you deal with on a day-to-day basis.

Credibly in Fargo

North Dakota’s largest city already has a great balance of education, healthcare, and small businesses.  The future is looking bright for the city and you could be a part of all the success.  All it takes is pre-qualifying for your working capital right on our website where you’ll know if you’re approved or not from Credibly in two days.  If you wait any longer all of the valuable property might be take so, it’s important to act fast and pre-qualify using Crediblyright now!

The Credibly Business Index

The Credibly Business Index is a scoring system that ranks how sustainable a region is for small businesses. We consider several factors, such as number of businesses in the city, overall business revenue, and two-year business survival rates as reported by the U.S. Small Business Administration.

The Credibly Business Index score given to Fargo is 57 out of a possible 100. This score is generated from data derived from the U.S. Small Business Administration and the United States Census Bureau as of July, 2015, and is subject to change. This Business Loan and Revenue Index is intended for informational purposes only, and may not be applicable to, or predictive of, your particular circumstances.

SOURCES:
U.S. Small Business Administration 2013 Small Business Profiles for States and Territories
United States Census Bureau 2007 Economic Census of the United States