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North Dakota Development Fund — Business Development Loans

Bank of North Dakota / ND Dept of Commerce (BND)ND-DEV-FUNDRefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$1.0M

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 interest rate loans for North Dakota businesses creating jobs and diversifying the state economy, with participation loans available through local lenders.

Key Requirements & Eligibility

  • 1Business must be creating or retaining jobs in North Dakota
  • 2Eligible: manufacturing, processing, value-added agriculture, tech companies
  • 3Loan amounts: $25,000–$1M (larger via participation with local bank)
  • 4Below-market interest rates; terms up to 10 years
  • 5Must demonstrate that conventional financing is insufficient alone

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be creating or retaining jobs in North Dakota

2.Eligible: manufacturing, processing, value-added agriculture, tech companies

3.Loan amounts: $25,000–$1M (larger via participation with local bank)

4.Below-market interest rates; terms up to 10 years

5.Must demonstrate that conventional financing is insufficient alone

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