Areas Served: City of Preston The Preston EDA also operates a Job Creation loan fund. This fund is used to provide discounted financing for projects that include the creation of jobs in Preston, Minnesota. Contact InformationPreston, Minnesota Economic DevelopmentAddress: 210 Fillmore StreetCity: PrestonState: Minnesota Website: http://www.prestonmn.org/incent.htm
Read MoreAreas Served: Chisago, Isanti, Kanabec, Mille Lacs and Pine Counties The East Central Regional Development Commission offers two revolving loan funds for Minnesota businesses in Chisago, Isanti, Kanabec, Mille Lacs and Pine Counties. Revolving Loan Fund – The East Central Regional Development Commission (ECRDC) Revolving Loan Fund (RLF) was created in 1994 to provide gap
Read MoreAreas Served: Watkins, Minnesota The purpose of the City of Watkins’ Revolving Loan Program is to initiate, facilitate, and promote the economic and industrial development interest of the City of Watkins, thereby creating additional Low and Moderate Income (LMI) jobs in the community. The Watkins Revolving Loan Program has been established as one way of
Read MoreAreas Served: Itasca, Cook, Lake and St. Louis counties The IRRRB Business Development financing programs exist to assist new or expanding private sector businesses to create and maintain productive, permanent, skilled employment in the Taconite Assistance Area. Businesses who wish to apply for funding under this program are required to comply with Minnesota State Law
Read MoreAreas Served: Statewide Minnesota In a tight economy, access to financing for operations and expansions is especially important for minority business stability and growth. MEDA’s Loan Program helps clients by providing access to funding which otherwise might not be available through traditional lending resources. MEDA consultants can assist in developing a loan package to present
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