Areas Served: Miner County
The purpose of the Revolving Loan Fund is to finance new business startups, as well as expansion and retention of existing businesses and community development projects within Miner County.
MCCR offers two different loan types, a Direct Loan and a Certificate of Deposit Guaranteed Loan.
These loans may be used individually or as a combination.
Each of these loan types offers a maximum of $50,000 per applicant or 50% of the total loan package.
A combination of these two options allows a maximum loan amount of $100,000 for one applicant or 50% of the total loan package.
Other funding options are available to provide additional financing beyond this loan fund.
The current interest rate for the loan fund is 7%.
A lower rate of interest may be applied if certain criteria are met.
This rate will be fixed for the term of the loan.
Contact InformationMiner County Community Revitalization
Address: 131 S. Main Street
City: Howard
State: South Dakota
Website:
http://www.mccr.net/mccr/Incentives/index.html
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