Areas Served: City of Saint Peter
The Saint Peter Economic Development Authority (EDA) administers a $3,723,214 revolving loan portfolio to stimulate private sector investment in new or expanding Saint Peter, Minnesota businesses.
Revolving loan funding can be used to finance the acquisition of fixed assets such as buildings, machinery and equipment.
Loans may also be available to provide working capital needs for business start-ups, relocations or expansions.
Loan terms and conditions are established by a recommendation of the EDA to the City Council.
Interest rates are targeted to 2.5% below the New York Prime rate.
Security and collateral are negotiable.
Contact InformationSaint Peter Economic Development Authority
Address: 227 South Front Street
City: Saint Peter
State: Minnesota
Website:
http://www.saintpetermn.gov/economic/edaprog.php3
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