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North Dakota

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 4, 2020.

For more up-to-date information on the relief programs available in North Dakota, we recommend that you visit the state’s COVID-19 Resources website.

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Description of Program and Relief

COVID-19 PACE Recovery Program (CPRP)

This program provides support for the working capital needs of any person or entity whose business is located within North Dakota.

Loan Limit/Amount

  • For businesses of 500 or fewer employees: Maximum loan amount is the lesser of $5,000,000 or six months of operating expenses plus interest.

    • For businesses of 501 employees or more: Maximum loan amount is the lesser of $10,000,000 or six months of operating expenses plus interest.

      • Maximum buydown amount from BND is $500,000 per biennium, per borrower. Borrower is defined as: An individual, corporation, limited liability company, partnership, association or any combination of these if there is common ownership.

      Interest Rate and Fees

      • Interest rate will be fixed at 3.75% for up to five years. Borrower will receive a 1% interest rate for the term of the buydown or until buydown funding is exhausted.

        • The buydown of the interest rate to 1% will only occur on permanent financing.

        Loan Terms


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