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Bank of North Dakota PACE Program
Interest buydown program that lowers borrowing costs for eligible North Dakota businesses creating jobs and economic benefit.
About this program
Bank of North Dakota PACE programs partner with local lenders and communities to buy down interest rates on business loans tied to economic development, job creation, business expansion, and community benefit.
Eligibility
North Dakota businesses working with a local lender and community sponsor on eligible expansion, startup, or retention projects.
Requirements
- Apply through a participating lender with local community support where required
- Document project costs, jobs, economic benefit, financing package, and borrower eligibility
- Meet Bank of North Dakota program, underwriting, and reporting requirements