North Dakota

Displaying 3 - 3 of 10

North Dakota Beginning Farmer Chattel Loan Program

The Beginning Farmer Chattel Loan Program assists farmers and ranchers purchasing equipment and livestock.   The limit is set at not less than 50% nor greater than 80% of the total loan amount with a lifetime cap of $500,000 per borrower.  The interest rate is fixed at 1% below BND's current base rate with a maximum of 6% per year for the first five years of the loan. Interest is variable at 1% below BND's then current base rate for the next two years, adjusted annually on the anniversary date.

Pages

Subscribe to North Dakota