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LoanNorth DakotaActiveVerified

North Dakota Workforce Development Loan Fund

Bank of North Dakota (BND)ND-WDFRefreshed 3 months ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$500K

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

Provides low-interest loans to ND businesses for job training, skill development, and workforce expansion. Supports companies training new hires or upskilling existing employees in key industries. Loan amounts typically $25,000–$500,000 at below-market interest rates.

Key Requirements & Eligibility

  • 1Business must be North Dakota-based
  • 2Training must result in identifiable job skills or advancement
  • 3Eligible: new hire training, apprenticeships, equipment training
  • 4Loan: $25,000–$500,000 at below-market interest rates
  • 5Must demonstrate repayment capacity through business financials

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 North Dakota-based

2.Training must result in identifiable job skills or advancement

3.Eligible: new hire training, apprenticeships, equipment training

4.Loan: $25,000–$500,000 at below-market interest rates

5.Must demonstrate repayment capacity through business financials

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