Areas Served: City of Melrose
The purpose of the City’s Revolving Loan Fund is to provide gap financing to eligible credit-worthy businesses for expansion or modernization of existing or new facilities that create or retain jobs in Melrose, Minnesota.
Manufacturing, industrial, commercial, and retail businesses within the City are eligible to apply for these funds.
Preference is given to applications paying a livable wage.
Companion loans can be made to credit-worthy businesses meeting the loan fund criteria and receiving approval of the City’s Revolving Loan Fund Committee.
The term for most loans is in the five to ten year range.
Contact InformationCity of Melrose, Minnesota
Address: 225 E First Street North
City: Melrose
State: Minnesota
Website:
http://www.cityofmelrose.com/index.asp?Type=B_BASIC&SEC={D72DC4B6-EEF2-46FC-A7EE-E094109F0A59}
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