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Business Development Loan Workflow

Important BND Contact Information

BNDloanfunding@nd.gov

BNDloanfunding@nd.gov is to be used for all loan documentation sent prior to the loan funding which would include the commitment letter, the note and all other documents listed as prior to funding on the checklist sent with the commitment letter that are required in order for BND to fund the loan.

BNDloandocument@nd.gov

BNDloandocument@nd.gov is to be used for all follow-up documentation sent after the loan has been funded by BND. This would include on-going financial information, any recorded documents that were recorded after the loan closed, on-going hazard insurance tracking, etc…

BNDloanoperations@nd.gov

BNDloanoperations@nd.gov is to be used only for payments/payoffs and advances on loans that have been funded. BEG loan payment histories are also sent here for processing.

Submit Request to BND Business Banker Lender Notified of Approval or Denial Submit Required Documentation

Submit Request to BND Business Banker

Prior to executing loan documentation, submit request to BND Business Banker. BND Business Banker will review request and obtain approval based on borrower’s exposure and risk rating.

Lender Notified of Approval or Denial

BND Business Banker will communicate approval or denial.

Submit Required Documentation

Lead Lender submits any applicable executed documentation such as Change In Terms, etc. to bndloandocument@nd.gov.

Important BND Contact Information

BNDloanfunding@nd.gov is to be used for all loan documentation sent prior to the loan funding which would include the commitment letter, the note and all other documents listed as prior to funding on the checklist sent with the commitment letter that are required in order for BND to fund the loan.

BNDloandocument@nd.gov is to be used for all follow-up documentation sent after the loan has been funded by BND. This would include on-going financial information, any recorded documents that were recorded after the loan closed, on-going hazard insurance tracking, etc…

BNDloanoperations@nd.gov is to be used only for payments/payoffs and advances on loans that have been funded. BEG loan payment histories are also sent here for processing.