Flex PACE

Provides financing with interest buydown through a participation loan between a lead bank, Bank of ND, and a community fund. The community in which the business is located will determine if the objectives of the business meet the needs of the community and to what extent they will provide the required matching portion of the buydown funds.

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Amount

Maximum: $300,000

Resource Provider

Bank of North Dakota

A state-owned, state-run financial institution based in Bismarck, North Dakota.

Resource Type

Grant

Location

All

Purpose

Equipment, Real Estate, Working Capital

Industry

Agriculture, Childcare, Communications, Communities, Construction, Energy, Ethanol, Exporting, Finance, Food Service, Healthcare, High Growth, Hospitality, Information Technology, Manufacturing, Other, Primary Sector, Professional Services, Real Estate, Retail, Tourism, Transportation, Utilities, Value-Added

Business Stage

Existing Business, New Business

Deadline

–

Contact

Craig Hanson

(701) 328-5795

craighanson@nd.gov

Need help finding your program editor? Email info@vaultnd.com.

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