Business Loans

COVID-19 Relief Programs

The intent of these two programs is to assist businesses that are negatively impacted financially by the COVID-19 pandemic. Both provide low cost, long-term working capital to ND businesses and cash flow to re-start business. A business may only apply for one of the two programs. If a business has multiple locations, it may only submit one application. The business expenses must be for a ND-based business and does not cover out-of-state locations.

COVID-19 PACE Recovery Program (CPRP)

The COVID-19 PACE Recovery Program (CPRP) assists local financial institutions in providing low interest loans to support North Dakota businesses in their economic recovery due to negative impacts from the COVID-19 pandemic. Note: BND continues to work through the details for this program based on feedback. Website and fact sheet content will be modified as parameters are determined.  Learn more.

COVID-19 PACE Recovery Program Fact Sheet (PDF)

Small Employer Loan Fund (SELF)

The Small Employer Loan Fund (SELF) assists local financial institutions and certified development corporations (CDC’s) in providing loans to assist very small North Dakota businesses in their recovery from the negative impacts caused by the COVID-19 pandemic. Note: BND continues to work through the details for this program based on feedback. Website and fact sheet content will be modified as parameters are determined. Learn more

Small Employer Loan Fund Fact Sheet (PDF)

COVID-19 PACE Recovery Program (CPRP) Application (PDF)
COVID-19 PACE Recovery Program (CPRP) Non-fillable Application (PDF)

Small Employer Loan Fund (SELF) Application (PDF)
Small Employer Loan Fund (SELF) Non-fillable Application (PDF)

ALL APPLICATIONS MUST BE SUBMITTED BY A LOCAL LENDER. APPLICATIONS SUBMITTED BY A BUSINESS OWNER WILL NOT BE ACCEPTED.

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

Please contact your local lender with questions about the COVID-19 Relief Loans or to initiate the loan application with Bank of North Dakota. 

The Accelerated Growth Loan Program assists North Dakota-based companies anticipating a period of dynamic growth. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795

This program provides loan participation financing to assist financial institutions and their customers. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

Bank Stock Loans provides financing options for acquisitions or refinancing of a North Dakota financial institution’s stock. Learn more

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

The Beginning Entrepreneur Loan Guarantee provides a loan guaranty to an originating lender providing business start-up financing or early stage business expansion. Learn more

Bank Participation Loan Application (PDF)
Beginning Entrepreneur Loan Guarantee Program Lender Payment History (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795

The Business Development Loan Program assists new and existing businesses in obtaining loans when they have a higher degree of risk. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

Export Enhancement Program provides a guarantee under the Export-Import Bank’s Equipment Export Enhancement Program for North Dakota equipment manufacturers. Learn more

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

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. Learn more

Accountability Information Release (PDF)
Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

Flex PACE provides financing with an interest buydown for businesses deemed eligible by their local economic development entity. Learn more

Accountability Information Release (PDF)
Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

Match Program provides competitive interest rates to eligible, financially strong companies looking to move to or expand in North Dakota. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

PACE Loans provide financing with an interest buydown for eligible businesses. Learn more

Accountability Information Release (PDF)
Bank Participation Loan Application (PDF)
Community Percentage Factors (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795

Through the SBA Guaranteed Loan Purchase Program, BND purchases the SBA guarantee, lowering the interest rate for borrowers. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

BND purchases a USDA guarantee, lowering the interest rate for the borrower. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

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. Learn more

Bank Participation Loan Application (PDF)

It is recommended you use Internet Explorer 11 or above to download these forms. If you are not able to access a PDF, please contact us for assistance.

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.

Venture Capital Fund provides gap financing between loans and equity for business start-up financing. Learn more

BND offers this loan by partnering with local lenders. To apply, contact your lender.

If you have any questions, contact us or call 701.328.5795.