Areas Served: Aitkin, Benton, Chisago, Isanti, Kanabec, Mille Lacs, Morrison, Sherburne, Washington, Pine and Carlton in Minnesota.
East Central Energy offers several low-interest loan programs to business customers within its service area (Aitkin, Benton, Chisago, Isanti, Kanabec, Mille Lacs, Morrison, Sherburne, Washington, Pine and Carlton in Minnesota and Douglas, Burnett, Washburn in Wisconsin) The Business Development Loan Program participates in financing business expansions.
The program focuses on site acquisition, building construction, and electrical costs.
It is funded by ECE and its power supply cooperative, Great River Energy, in partnership with a lender of the customer’s choice.
Financing is set at market rates, typically on 5-10 year terms.
Loan limits are $200,000. East Central Energy sponsors loans for economic development projects through the Minnesota Community Capital Fund.
Loans must qualify to be purchased through the MCCF’s relationship with the Community Reinvestment Fund.
(It bundles and offers loans on the secondary market.
) Loans may be up to 20 years in length.
Interest rates are determined by the secondary market.
ECC loan limits are $500,000 per project.
Contact InformationEast Central Energy
Address: P.O. Box 39
City: Braham
State: Minnesota
Website:
http://www.eastcentralenergy.com/
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