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Welcome to Lending Services!

On behalf of the state of North Dakota, the Bank administers lending programs that promote agriculture, commerce and industry. Financing economic development is the thrust of Bank of North Dakota’s efforts. The Bank is authorized by the Legislature to assist financial institutions in the state by providing lending programs with economic development opportunities.

Farm Financial Stability Loan Program

Bank of North Dakota's Farm Financial Stability Loan Program assists North Dakota farmers who have been impacted by low commodity prices or below-average crop production. It may be used to replenish working capital, term out operating carryover or restructure existing term debts to provide cash flow relief. View the fact sheet here.

Trade Area:

While not prohibited by law from reaching beyond the state’s boundaries, the primary trade area of the Bank is the State of North Dakota. If it can be shown that the benefits of a loan will flow to the state or its residents, or will support the activities of the Bank’s correspondent lending partners, the Bank will consider a loan participation outside of the state. Student loans can be made within the state or outside the state’s boundaries.

Type of Lending:

BND is involved in two types of lending: direct lending and participation loans.

BND by statute can do anything any other bank can do, unless restricted by statute. Mostly by practice we do not make direct loans. However, legislative action has given express lending authority to BND for:

  • The purchase or acquisition of bank stock or the formation of a bank holding company.
  • The acquisition or refinancing of farm real estate by qualified individuals.
  • Assistance with post-secondary educational costs (i.e., student loans).
  • Originate home loans where loans are not readily available

All other lending by BND is through participation with a lead financial institution. This lead lender can be any qualified financial institution - most notably a bank, savings and loan, credit union or Farm Credit Services.

Loan Application:

All loans are reviewed on an individual basis to ensure the general credit standards of BND are met. All loans require an identified purpose and a specific source of cash flow which reasonably assures repayment of the loan.

Each loan program has specific requirements for the appropriate application procedure.

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