Areas Served: City of Big Lake The Big Lake Economic Development Authority offers a revolving loan fund for businesses in Big Lake, Minnesota. Job creation is a criterion for consideration. (1) FTE job per $35,000 of borrowed funds. Borrowers can use the Big Lake RLF funds for fixed assets purchases like land, buildings, and machinery/equipment.
Read MoreAreas Served: City of Fairmont The Fairmont Economic Development Authority offers an EDA revolving loan fund for Minnesota businesses in Fairmont. Contact InformationFairmont Economic Development AuthorityAddress: 100 Downtown Plaza FairmontCity: FairmontState: Minnesota Website: http://www.fairmont.org/docs/business.htm
Read MoreAreas Served: City of Parkers Prairie The City of Parkers Prairie, Minnesota has economic development money available to qualified business. The fund has been established to provide matching loans to businesses. Loan Amount: $5,000 – $40,000 Uses of Funds: Acquisition or acquisition for demolition, building rehabilitation improvements, demolition of non-functional buildings and public facilities Interest:
Read MoreAreas Served: Wright County The purpose of the Wright County Dairy Modernization Loan is to encourage improvements in the Minnesota dairy industry. Through this program, administered by the Economic Development Partnership of Wright County and participating lending institutions, loans are made to help businesses meet a portion of their financing needs. Loan Amount ·
Read MoreAreas Served: City of Arlington The Arlington Revolving Loan Fund has been designed to respond to the local needs immediately and can be molded to meet the needs of the businesses of Arlington, Minnesota. The following types of for-profit business are considered eligible: – Manufacturing/assembly – Tourism projects – Professional offices – Retail – Ag
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