Areas Served: City of Shoreview
The Advantage Shoreview Business Partnership Loan Program provides low-interest loans up to $500,000 to existing businesses in Shoreview, Minnesota for the purpose of job growth and retention.
Loan Amount: The EDA will loan up to 30% of the total project cost with a minimum loan amount of $30,000 and maximum of $500,000. Interest Rate: The interest rate for the term of the loan is 3.0%.
Term: – The maximum term for building construction and structural renovations is 15 years.
– The maximum term for machinery, equipment, and fixtures is 10 years.
Contact InformationCity of Shoreview, Minnesota
Address: 4600 Victoria St N
City: Shoreview
State: Minnesota
Website:
http://www.shoreviewmn.gov/home/showdocument?id=1266
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