Flex PACE and PACE Loans
Flex PACE provides financing with an interest buydown for businesses deemed eligible by their local economic development entity.
PACE Program helps communities expand their economic base by assisting primary sector businesses that make an investment or create jobs in their community.
Flex PACE for Affordable Housing finances new affordable multifamily housing units and nonresidential child care projects with an interest buydown.
Ag PACE Loans
Ag PACE provides interest buydown on loans to farmers or ranchers investing in nontraditional agriculture activities to supplement farm income. The programs is used to reduce the interest rate on loans which have been approved by a local lender and BND.
Beginning Farmer Loans- Chattel and Real Estate
The Beginning Farmer Chattel Loan assists beginning ranchers with the purchase of equipment and livestock. The Beginning Farmer Real Estate program assists with the purchase of farm real estate.
Established Farmer Real Estate Loans
Established Farmer Real Estate Loans assist ag producers with financing for agriculture purposes.
Match Programs
Match Program is the primary loan fund with the financial capacity to support large-scale economic diversification projects.
Accelerated Growth Loan
Accelerated Growth Loan assists ND-based technology companies with solid operations, good management and strong cash flow that are positioned for a period of accelerated growth or can show consistent monthly revenues above $50,000. These companies normally have limited assets to qualify for traditional bank financing.