Business Loans

All of BND’s business lending programs work with the local lender as the borrower’s first contact. The local lender initiates the loan application with BND on behalf of the borrower.

Accelerated Growth Loan Program

The Accelerated Growth Loan Program assists North Dakota-based companies anticipating a period of dynamic growth. Click here to learn more about the Accelerated Growth Loan Program.

Bank Participation Loan Program

This program provides loan participation financing to assist financial institutions and their customers. Click here to learn more about the Bank Participation Loan Program.

Bank Stock Loan

Bank Stock Loans provides financing options for acquisitions or refinancing of a North Dakota financial institution’s stock. Click here to learn more about the Bank Stock Loan.

Beginning Entrepreneur Loan Guarantee

The Beginning Entrepreneur Loan Guarantee provides a loan guarantee to an originating lender providing business start-up financing or early stage business expansion. Click here to learn more about the Beginning Entrepreneur Loan Guarantee.

Bulk Propane Storage Tank Revolving Loan Fund

The Bulk Propane Storage Tank Revolving Loan Fund, established in 2023 by the North Dakota Legislature, provides loans to propane retailers for the purchase and installation of storage containers for bulk storage of propane. This is a revolving loan fund with an initial appropriation of $5 million. Applications will be accepted as long as funds are available. Click here to learn more about the Bulk Propane Storage Tank Revolving Loan Fund.

Business Development Loan Program

The Business Development Loan Program assists new and existing businesses in obtaining loans when they have a higher degree of risk. Click here to learn more about the Business Development Loan Program.

Clean Sustainable Energy Authority Loan Fund (CSEA)

The purpose of the Clean Sustainable Energy Authority is to support research, development, and technological advancements through partnerships and financial support for the large scale development and commercialization of projects, processes, activities, and technologies that reduce environmental impacts and increase sustainability of energy production and delivery. Click here to learn more about the Clean Sustainable Energy Authority Loan Fund (CSEA).

Export Enhancement Program

Export Enhancement Program provides a guarantee under the Export-Import Bank’s Equipment Export Enhancement Program for North Dakota equipment manufacturers. Click here to learn more about the Export Enhancement Program.

Flex PACE for Affordable Housing

Flex PACE for Affordable Housing provides financing with an interest buydown for new affordable multi-family housing units and non-residential child care projects, new or expanding, licensed in North Dakota. Click here to learn more about the Flex PACE for Affordable Housing Program.

Flex PACE Program

Flex PACE provides financing with an interest buydown for businesses deemed eligible by their local economic development entity. Click here to learn more about the Flex PACE Program.

Legacy Investment for Technology Loan Fund

The Legacy Investment for Technology Loan Fund supports technology advancement by providing financing for commercialization of intellectual property within the state of North Dakota. Click here to learn more about the Legacy Investment for Technology Loan Fund.

Match Program

Match Program provides competitive interest rates to eligible, financially strong companies looking to move to or expand in North Dakota. Click here to learn more about the Match Program.

PACE Program

PACE Loans provide financing with an interest buydown for eligible businesses. Click here to learn more about the PACE Program.

SBA Guaranteed Loan Purchase Program

Through the SBA Guaranteed Loan Purchase Program, BND purchases the SBA guarantee, lowering the interest rate for borrowers. Click here to learn more about the SBA Guaranteed Loan Purchase Program.

USDA Government Guaranteed Loan Purchase Program

BND purchases a USDA guarantee, lowering the interest rate for the borrower. Click here to learn more about the USDA Government Guaranteed Loan Purchase Program.

Value-added Guarantee Loan

The Value-added Guarantee Loan assists North Dakota-based companies that want to invest in value-added agriculture and energy products that add value to North Dakota commodities. Click here to learn more about the Value-added Guarantee Loan.

Venture Capital Fund

Venture Capital Fund provides gap financing between loans and equity for business start-up financing. Click here to learn more about the Venture Capital Fund.