North Dakota PACE (Partnership in Assisting Community Expansion) interest buydown

Key facts

Copied word-for-word from the official North Dakota state agency page. Last verified October 28, 2026.

Program name

North Dakota PACE (Partnership in Assisting Community Expansion) interest buydown

Issuing agency

Bank of North Dakota (State of North Dakota)

Funding type

Loan

Funding purpose

Business and Commerce

Status

Ongoing program

Application deadline

Ongoing program · no application deadline published

Published loan amount

Not stated on the official North Dakota state agency page

Eligible applicants (our reading of the official page)

• For profit organizations other than small businesses
• Small businesses

Relevant to

BusinessesHow we determined this: Derived from the eligibility statement on the official page (business, small business).

Geographic restrictions

This is a North Dakota state program. Check the official page for location requirements.

Official source

View the official program page ↗

How to apply (from the official page)

See the official program page

Source

www.commerce.nd.gov/economic-development-finance/finance-and-incentives/finance-programs

Last verified

October 28, 2026 (against the official North Dakota state agency page)

Record confidence

highCurated from the official agency page; reviewed by an editor.

Description (from the official program page)

One of the most attractive programs is the Partnership in Assisting Community Expansion (PACE) fund, an interest buy down loan program that is available to primary sector business including manufacturing, data processing, communications, telecommunications and targeted service industries. The PACE Fund is designed to assist North Dakota communities in expanding their economic base by providing for new job development. The PACE Program is available to finance the purchase of equipment or real estate, as well as term working capital. In conjunction with community support, the program provides an interest buy down that can reduce the borrower's overall interest rate.