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.

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Amount

Resource Provider

Bank of North Dakota

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, Nonprofit, 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

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