Areas Served: City of Sherburn
The City of Sherburn Economic Development Authority (EDA) is taking applications for the City of Sherburn Revolving Loan Fund.
The Revolving Loan Fund was established by the Sherburn Economic Development Authority (EDA) to assist businesses and residents with completing exterior and interior improvements to their buildings, including building additions.
This public fund provides a source of financing at a low interest rate that can be used in conjunction with other private lender financing and/ or owner(s) contributions.
The loan program can be used to pay 80-percent of the project cost up to $10,000. The Revolving Loan Fund Program is aimed at providing a financial incentive to property owners to improve the overall condition of existing property structures.
The loan program is structured to recognize the financing needs for improvements.
Each application will be reviewed, and decisions to fund individual loan requests will be based on the financial feasibility of the project and repayment capacity of the applicant.
Contact Information
City of Sherburn, Minnesota
Address: 21 E. First Street
City: Sherburn
State: Minnesota
Website:
https://cityofsherburn.com/
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