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Bank of North Dakota
Bank of North Dakota (BND)
Bank of North Dakota (BND) is the only entity of its kind in the nation - a state-owned bank dedicated to promoting commerce, industry and agriculture. BND offers numerous low-interest loan programs in collaboration with a lead lender to meet the financing needs of most any new or expanding business.
Programs available through BND:
Partnership in Assisting Community Expansion
The Partnership in Assisting Community Expansion (PACE) fund is an interest buy down loan program available to primary sector business including manufacturing, data processing, communications, telecommunications and targeted service industries. PACE funds are designed to assist communities in expanding their economic base by providing for new job development.
MATCH Program
The MATCH Program is designed to attract financially strong companies. Loan funds may be used to finance real estate, machinery and equipment, and for the purchase or lease of equipment. The program targets manufacturing, processing and value-added industries.
Beginning Entrepreneur Loan Guarantee
The Beginning Entrepreneur Loan Guarantee program is designed to assist in business start-up financing by providing a financial institution with an 85 percent guaranty of a loan not to exceed $100,000.
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