Heathbend Credit is a Minot, ND service that lines up small-business funding requests for partner review. This page sets out Census business counts for Ward County and ZIP 58701, the leading sectors, what owners buying a business or leasing commercial space should prepare, and how to reach Heathbend Credit by phone or online.
| Businesses with payroll, ZIP 58701 | 1,293 (ZBP 2023) |
|---|---|
| Share of ZIP 58701 employers below five on payroll | 46.7% (ZBP 2023) |
| Businesses with payroll, Ward County, ND | 2,043 (CBP 2023) |
| Self-employed, Minot, ND residents | 9.0% (+/- 1.9, ACS 2020-2024) |
Minot, ND Small Businesses in Census Counts
ZIP Business Patterns counted 1,293 employer establishments in ZIP 58701 in 2023, employing 15,561 people with an annual payroll of about $801.3 million. Just under half of those, 46.7%, had a payroll of fewer than five people. Across Ward County, ND, County Business Patterns counted 2,043 employer establishments in 2023, 51.2% of them under five employees.
Nonemployer Statistics counted 4,965 Ward County, ND businesses with no payroll in 2024. Those are businesses with no payroll, and the program is separate from the employer counts above, so the two are never added.
Among employed Minot, ND residents, 9.0% were self-employed (margin of error +/- 1.9 points), split between 4.0% in their own incorporated businesses and 5.0% unincorporated (ACS 2020-2024).
ZIP 58701 Is Not the Same as the City Limits
Minot, ND has three of its own postal ZIP codes: 58701, 58703 and 58707. About 48% of the city's land lies in ZIP 58701 and about 52% in 58703, but only 5.6% of ZIP 58701's land is inside the city (Census ZCTA-place relationship file, 2020). A 58701 mailing address can sit well outside Minot, ND city limits.
That matters on paperwork. If a partner or a landlord asks whether a site is inside the city, check the address itself rather than assuming from the ZIP.
The Seven Sectors With the Most Establishments in ZIP 58701
| Sector | Establishments | Share under 5 employees |
|---|---|---|
| Retail trade | 216 | 24.1% |
| Clinics, care and social assistance | 141 | 42.6% |
| Construction | 139 | 66.2% |
| Repair, personal care and other services | 128 | 55.5% |
| Accommodation and food services | 125 | 20.0% |
| Finance and insurance | 96 | 62.5% |
| Professional, scientific and technical firms | 88 | 61.4% |
Notes on how these sectors handle cash are on the industry pages: restaurants, chiropractic and therapy practices, auto repair shops, and the full list on the industries page.
Buying a Small Business for Sale in Minot, ND
Buying a small business in Minot, ND means lining up two things at once: the purchase and the cash to run the business after closing. A term loan can fund the purchase; working capital can carry the first months while customers adjust to a new owner.
- The seller's last two or three years of tax returns and profit-and-loss statements
- A list of equipment, with ages, and any leases that transfer
- The purchase agreement, or a draft
- Your own plan for the first year
A Storefront, Shop or Office in Minot, ND: Rent It or Buy It
Whether the next step is commercial property for lease or a building for sale, partners look at the same question: can the business carry the new cost? A lease adds rent and usually a deposit and build-out; a purchase adds a down payment and closing costs. Get the lease draft or the purchase terms before requesting funding, because the numbers in them drive the request.
Fit-outs may need permits; our guide to Minot, ND permits and zoning explains where they fall in the timeline. Equipment for the new space can be handled separately through equipment financing.
Records Minot, ND Owners Should Have Ready
Two state-level records can matter in a funding file: a trade name that matches the bank account, and a sales tax permit if the business sells taxable goods (confirm with the state). See our guides to North Dakota trade name registration and the North Dakota sales tax license. For advisers, the chamber and local offices, see small business help in Minot, ND.
Reaching Heathbend Credit in Minot, ND
Heathbend Credit is at 107 Main St N, Minot, ND 58701, and works by phone at (701) 380-9142 and through the online request. Owners from towns around the city are listed on the areas served page; more about how we work is on the about page and on the contact page. Compare all six options on the business loans page.
Who Heathbend Credit works with in Minot, ND
Heathbend Credit works with Minot, ND businesses of most kinds; contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock are common examples. The partner, not the industry, makes the decision.
What to gather before you call
- The last three to six months of business bank statements
- Your most recent business tax return
- An up-to-date P&L and balance sheet, even if you prepare them yourself
- A driver's license or passport for each owner
- Proof of ownership and business registration
- For equipment, the seller's quote with make, model and price
No two partners ask for exactly the same file, so use this as a checklist rather than a rule.
The steps after your first call
- Reach us at (701) 380-9142 or through the contact form. When we call back, the first questions are simple: what the funding is for, how long the business has operated and its rough revenue.
- We explain which funding types fit that use and what partners usually need to see. Nothing is submitted without your go-ahead.
- With your permission, we take the request to lending partners that offer that kind of funding. Each partner reviews it and makes its own credit decision.
- If a partner makes an offer, you compare the total cost, payment schedule and terms. You are never obligated to accept.
From Minot, ND, the whole request can run by phone and online.
By Heathbend Credit · Updated
