Areas Served: Koochiching, Itasca, Aitkin, St. Louis, Carlton, Lake and Cook counties The ARDC Revolving Loan Fund (RLF) is in place to support business activities for which credit is not otherwise available on terms and conditions which would permit completion and/or the successful operation or accomplishment of the project in the seven county region of
Read MoreAreas Served: City of Northfield The City of Northfield, Minnesota and the Northfield Economic Development Authority provide assistance to businesses through an array of grants and loan programs. Downtown Revolving Loan (Small) Type: Loan Administrator: Northfield Economic Development Authority Eligible Uses: Exterior and interior improvements to building in Northfield’s C-1 or C-2 commercial zones. Amount
Read MoreAreas Served: City of Minneapolis CPED offers a wide array of financing programs, ranging from $1,000 to $10 million, for Minneapolis businesses including: Alternative Financing Program is a profit-based financing tool where no interest is paid or collected. Bank Qualified Bank Direct Loans are cost-effective tax-exempt loans for capital projects in 501 (c) organizations. Business
Read MoreAreas Served: City of Lake City The Lake City Revolving Loan Fund (RFL) is a public source of money from which low-interest, deferred payment loans are made for business development projects. This program provides gap financing and may not be used as the primary source of financing for a project. RFL loans range from $5,000
Read MoreAreas Served: City of Shoreview The Advantage Shoreview Business Partnership Loan Program provides low-interest loans up to $500,000 to existing businesses in Shoreview, Minnesota for the purpose of job growth and retention. Loan Amount: The EDA will loan up to 30% of the total project cost with a minimum loan amount of $30,000 and maximum
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