Business loans in Horace, ND start the same way as in Moorhead, MN: a call to (218) 370-3099 or the request form, then a funding partner's review and decision. Home builders, trade contractors and small offices in Horace can ask about working capital, equipment financing, term loans and the other funding types for costs such as a lease deposit, a move or new equipment.
Owners in Horace, ND, a city in Cass County, ND, can request business funding by phone or form, and funding partners decide. The page covers lease costs for a second quick-service restaurant, a home builder's showroom, a contractor's landlord questions and an office's lease file, with invented examples, plus ZIP 58047 counts.
At a glance
- Employer establishments with a ZIP 58047 address (ZBP 2023)
135
- Construction establishments with a ZIP 58047 address (ZBP 2023)
37
- Self-employed residents of Horace, ND (ACS 2020-2024)
10.4% (±2.9)
Leasing commercial property in Horace, ND for a second quick-service restaurant: a checklist
A quick-service restaurant that already runs one location and wants a second in Horace, ND leases its space like any tenant, with a few points that weigh more for a kitchen:
- Ask the landlord in writing whether the lease's use clause allows a restaurant.
- Find out who pays for trash pickup, parking lot upkeep and common area charges.
- Set the rent against what the existing location's sales can carry if the second one is slow to build.
- List the movable kitchen equipment the second site needs: fryers, a reach-in cooler, prep tables and a point-of-sale terminal.
- Leave changes to the building itself to the lease talks with the landlord; that work is outside this site.
Illustration only, invented figures: the second kitchen's fryers, reach-in cooler, prep tables and terminal cost $23,900. A 36-month equipment loan at 11.4% sets the payment at $786.99; by the last one the kitchen has paid $28,331.64, or $4,431.64 above the price.
ZIP 58047 had 7 accommodation and food services establishments in 2023 (ZIP Code Business Patterns); construction, with 37, had the most.
Leasing retail space in Horace, ND as a home builder's design showroom
Home builders sell from model homes and plans, and some also lease a retail-front space where buyers choose flooring, cabinets and finishes. How to lease retail space for that use: look at parking and how visible the front is, read the signage terms, make sure the use clause covers a sales showroom, and ask how much time the landlord allows for moving in before rent begins.
Illustration only, invented figures: a Horace, ND home builder furnishes a showroom with display cabinets, sample boards, a selection table and two screens for $9,860, all of it movable. An 18-month equipment loan at 12.05% means $601.51 a month, $10,827.18 across the term and $967.18 of interest.
Construction was the largest group of ZIP 58047 employer establishments in 2023, 37 of the 135 (ZIP Code Business Patterns), and 51.4% of those 37 had fewer than five employees.
Questions a Horace, ND trade contractor can put to a landlord before signing a commercial lease
A trade contractor leasing a shop with yard space in Horace, ND can put these questions to the landlord in writing before signing a commercial lease:
- Is outdoor storage of materials and equipment allowed, and where on the lot?
- What hours apply to deliveries and loading?
- Which repairs belong to the landlord and which to the tenant?
- Can the lease be assigned if the business is sold, and on what terms?
- When and how is the deposit returned at the end of the term?
- Is there a renewal option, and how will the renewal rent be set?
None of these answers is a funding decision, but each one moves the money side: the deposit, the cost of moving tools and stock, and the cash the business keeps for payroll while it settles into the new shop.
Requirements for leasing a commercial space in Horace, ND: what a landlord may ask a small office to show
Before offering a lease, a landlord may ask a small office, such as a bookkeeping practice, an insurance agency or a design firm, for some of these requirements:
- Recent business bank statements or financial statements
- One or two years of the business's tax returns
- The owner's personal signature on the lease alongside the business
- A security deposit, stated as a set amount or as months of rent
- A certificate of liability coverage with the landlord listed as an additional insured
Professional, scientific and technical services had 12 employer establishments with a ZIP 58047 address in 2023 (ZIP Code Business Patterns), the same count as health care and social assistance.
Illustration only, invented figures: a two-person office in Horace, ND needs $7,640 at signing for the deposit, the first month's rent and two new laptops. A 10-month working capital loan at 13.35% puts each payment at $811.52; ten payments come to $8,115.20, of which $475.20 is interest. A funding partner may ask for some of the same papers as the landlord, bank statements in particular.
Horace, ND in Cass County, ND: what the ZIP 58047 employer count covers
Horace is an incorporated city in Cass County, ND, across the state line from Moorhead, MN, so Clay County, MN figures do not describe it.
Of the 135 employer establishments that the 2023 ZIP Code Business Patterns placed in ZIP 58047, 65.2% were in the under-five-employee size class.
The ZIP and the city are different areas: Horace covers 14.8% of the land in ZIP 58047, the ZIP takes in a small part of Richland County, ND, and about a tenth of the city's land lies in ZIP 58021 instead.
Among Horace residents, 10.4% (±2.9) of civilian employed residents 16 and over were self-employed in the 2020-2024 American Community Survey, 6.4% (±2.3) in their own incorporated business.
The Moorhead, MN page has the Clay County and ZIP 56560 counts for the office city, and the service areas page has notes on other nearby cities.
The review process for a Horace, ND company
- Make a call to (218) 370-3099 or send the request form, which asks for full name, phone, email, company name, time in business, annual revenue and requested amount.
- After that, partners get the details for review on their own terms.
- A partner may study the details, then a decision follows on the partner's own criteria.
- Should a partner make an offer, check the full cost and the payment plan; the answer is yours to give.
Businesses based in Horace, ND can work through every step by phone or the online form.
Records to get in order for Horace, ND employers and owners
- Last year's business tax return, and owners' personal returns where asked
- An up-to-date income statement and a balance sheet dated the same
- A state ID card, passport or license for all owners named in the paperwork
- Articles of incorporation or organization and the IRS record of the EIN
- A record of open advances, loans and leases, showing balances and monthly payments
- If the money goes to equipment, the vendor's quote, listing the item and its cost
A partner may choose which records to look at, and this list covers the common ground.
Business kinds a partner can review near and around Horace, ND
Owners in Horace, ND can read this site's separate trade pages, including those on auto repair shops, construction contractors, retailers and manufacturers. The partner reading the file reaches its own verdict on the request.
By Coralmoor Business Funding · Updated
