USDA Guaranteed Loan Purchase Program

The USDA (United States Department of Agriculture) Guaranteed Loan Purchase Program provides low interest rate loans to North Dakota businesses with bank financing that includes a loan guarantee from a federal government program such as the USDA Rural Development Business & Industry Loan Programs. BND can participate in a government 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.

Unlock More Info
Amount

Resource Provider
A state-owned, state-run financial institution based in Bismarck, North Dakota.
Resource Type
Loan
Location
All
Purpose
Business Acquisition, COVID-19, Debt Refinancing, Equipment, Hiring & Recruitment, Inventory, Leasehold Improvements, Other, Real Estate, Renovation to Real Estate, Research, Sales Tax, 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

Share This

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

Similar programs to consider

Find a Program
  • Angel Match Program

    The AMP will match any convertible debt or direct equity investment into a primary sector company headquartered in ND up to $250,000. The AMP must receive the same terms as the matched investment. The matched investment must be a private source of capital.

    View Program
  • Growth Fund

    The Growth Fund program was established in 2021 with levied funding from the Mountrail County Commission. The Growth Fund enhances the county’s financial toolbox to serve new and existing businesses needing access to capital.

    View Program
  • Horizon Grant

    The Horizon Grant program was established in 2021 with funding from the Mountrail County Commission. The JDA Board of Directors will establish funding priorities annually. See program policy for more information.

    View Program