Areas Served: Murray County
The Murray County Economic Development Revolving Loan Fund (EDRLF) is administered by the Murray County EDA.
Its purpose is to provide a portion of the funds necessary to finance projects that will result in economic development by creating or retaining job opportunities, expanding the tax base, promoting entrepreneurship or providing necessary services that will foster additional economic development.
Eligible Applicants Applicants may be individuals, partnerships, corporations or non-profit corporations.
Existing businesses, developers or enterprises as well as new start-ups or legal entities considering acquiring an existing business or enterprise are eligible to apply.
In determining whether or not to participate in the financing package, the Economic Development Authority will consider the project’s economic impact on Murray County as well as the gap that exists.
Interest Rates and Maturity There is no set interest rate.
The EDA, serving as the loan review board, will determine the rate based on a number of factors.
Contact InformationMurray County Economic Development
Address: 41 Keeley Island Drive
City: Slayton
State: Minnesota
Website:
http://murray-countymn.com/mc/index.php?option=com_content&view=article&id=35&Itemid=60
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