• Mar 13, 22
• spencergregory
• Revolving Loan Fund Directory
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Loan Amount Maximum loan up to $50,000; other amounts considered with County Board approval; Lender participation required Use of Proceeds: – Acquisition and development of land, easements, and right-of ways – Construction, conversion, enlargement, repairs or modernization of buildings (including façade repairs) – Machinery or equipment – Access streets and roads, parking areas, utilities, and pollution control and abatement facilities.

– Loans for start-up operating cost and working capital.

Term of Loan Dependent upon type of asset Rate of Interest 3-5% and will not exceed prime rate by 2%.

Reviewed annually by the Loan Committee



Contact Information
Redwood Area Development Corporation
Address: 200 S Mill St
City: Redwood Falls
State: Minnesota

Website: http://www.radc.org/index.asp?Type=B_BASIC&SEC=%7B4CE1A733-2807-4A51-8731-FA8A058DE971%7D

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