SBA Guaranteed Loan Purchase Program

The SBA Guaranteed Loan Purchase Program provides low interest rate loans to North Dakota businesses with bank financing which includes a loan guarantee from the US Small Business Administration. BND can participate in a SBA guaranteed loan by purchasing the guaranteed portion of the promissory note. The purchase is conditioned upon the borrower receiving the benefit of the lower interest rate on the purchased portion of the note.

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Amount

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Resource Provider

Bank of North Dakota

A state-owned, state-run financial institution based in Bismarck, North Dakota.
Resource Type
Loan
Location
All
Purpose
Equipment, Inventory, Real Estate, Renovation to Real Estate, Startup, 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

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