Areas Served: Wright County The purpose of the Wright County Enterprise Loan Fund is to encourage industrial and commercial development that contributes meaningfully to Wright County’s business environment and tax base. Through this program, administered by the Economic Development Partnership of Wright County and participating lending institutions, loans are made to help businesses meet a
Read MoreAreas Served: Great River service area Great River Energy’s Business Financing Program features three interrelated options: – Direct or participation loans Investments made by GRE and its member electric cooperatives from the general funds to increase availability of capital for businesses. – Linked deposits Designed for businesses needing lower-cost financing. Program dollars are
Read MoreAreas Served: Hennepin and Ramsey Counties NDC also offers business Reba-Free Financing in Hennepin and Ramsey counties in Minnesota, to meet the needs of the Muslim community. In Islamic law charging interest to rent money which is called reba is prohibited. NDC has received multiple awards for creating the first Reba-Free Financing program
Read MoreAreas Served: Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis Counties Arrowhead Regional Development Commission (ARDC), in cooperation with the US Economic Development Administration (EDA) has developed a business loan program which provides below market rate financing for eligible Minnesota businesses in Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis Counties. The primary
Read MoreAreas Served: Meeker County Loan Interest and Terms: – Loans from the EDA will not exceed 50% of the total project costs – The maximum loan amount from The EDA will not exceed $75,000 – The interest rate will be fixed through the term of the loan, to be determined at the time of application.
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