Areas Served: Goodhue County Goodhue County EDA administers a revolving loan fund (RLF) to assist small businesses with financing needs. Eligible uses of revolving loan funds include: – Land and building acquisition – Land improvements – New Building construction – Machinery – Equipment and Fixtures – Other capital improvements or investments Only for-profit business can
Read MoreAreas Served: Benton County Benton County, offers a loan program for businesses in Benton County, Minnesota. Financial Structure: – Benton County may provide up to 35% of project cost or a maximum of $150,000 to any company. – A financial institution must be involved in the development project. – Loan terms are structured based on
Read MoreAreas Served: City of Fergus Falls The City of Fergus Falls offers several loan funds for businesses in Fergus Falls, Minnesota. Fergus Falls Loan Pool The Fergus Falls Loan Pool is comprised of local lending institutions, the City of Fergus Falls, Otter Tail Power Company, and the West Central Initiative Fund. These entities have made
Read MoreAreas Served: City of Cloquet The City of Cloquet, Minnesota has a variety of revolving loan monies available to help local businesses grow and expand. These funds have been accumulated from a variety of State and Federal economic development grant awards. Critical to each of these programs is the addition and/or creation of new jobs.
Read MoreAreas Served: Cass, Crow Wing, Morrison, Todd, and Wadena Counties The North Central Economic Development Association (NCEDA) is a local non-profit corporation established with federal and local dollars through the Region Five Development Commission. It offers gap financing for fixed assets and working capital for new and expanding businesses in Cass, Crow Wing, Morrison, Todd,
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