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North Dakota Biofuel Partnership in Assisting Community Expansion (PACE)

North Dakota Industrial Commission (NDIC)ND-BIOPACERefreshed 1 month ago
Do I qualify?
Max funding

$3.0M

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Below-market financing for North Dakota biofuel production facilities and agricultural processing operations, leveraging state energy funds to support value-added agriculture and rural economic development.

Key Requirements & Eligibility

  • 1Project must be a biofuel production facility or value-added agricultural processor in ND
  • 2Eligible fuels: ethanol, biodiesel, bio-crude, and other bioenergy products
  • 3Loan amounts up to $3M at below-market interest rates; terms to 20 years
  • 4Must demonstrate viable business plan and feedstock supply agreements
  • 5Priority for rural areas and farmer-owned cooperatives

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Project must be a biofuel production facility or value-added agricultural processor in ND

2.Eligible fuels: ethanol, biodiesel, bio-crude, and other bioenergy products

3.Loan amounts up to $3M at below-market interest rates; terms to 20 years

4.Must demonstrate viable business plan and feedstock supply agreements

5.Priority for rural areas and farmer-owned cooperatives

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