This program provides export credit insurance covering at least 90% of bulk commodity and processed agricultural product sales by North Dakota exporters. It finances transactions starting at $200,000 with terms up to one year, protecting against foreign buyer non-payment risks. The program requires approval from both the Bank of North Dakota and Ex-Im Bank, with borrower-paid fees for administration, brokerage, and insurance premiums.
Applicants must be North Dakota agricultural commodity exporters involved in bulk or value-added food-grade products. Eligibility also depends on the financial strength of the foreign buyer and the stability of their country.
