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 Participation Loan Application (PDF) Loan Renewal Application for Existing Participations (PDF) To ensure proper functionality, BND forms MUST be downloaded and then opened with your system’s PDF application. Click here for download instructions. If you are not able to access a PDF, please contact us for assistance.

Bank of North Dakota requires evidence of the authorization of the government guarantee and other documentation as may be deemed necessary. USDA guaranteed lines of credit cannot be purchased.

Interest rate and fees

Interest Rate : Rate may be variable or fixed. Rate options outside of the standard offering may be considered if loan pricing meets BND goals and objectives. BND will establish the initial interest rate at the time of funding. The lead lender may also add a reasonable servicing fee on the guaranteed portion purchased by BND. The interest rate on the originating lender’s share of the loan may be variable or fixed regardless of BND’s interest rate structure and must be in compliance with USDA Rural Development policy. [Sycorr_RateTable guid="d509998c43700a706220df32146cf332"] Fees: The originating lender may charge the borrower an origination fee as may be allowed by Rural Development.

Application by a lead lender is required for BND’s participation. Additional documentation will be required when submitting the request. The lead lender is responsible for servicing the loan.