GAP Financing – Northwest Minnesota Foundation

Areas Served: BELTRAMI, CLEARWATER, HUBBARD, KITTSON, LAKE OF THE WOODS, MAHNOMEN, MARSHALL, NORMAN, PENNINGTON, POLK, RED LAKE, ROSEAU COUNTIES Northwest Minnesota Foundation offers a gap lending program to help Minnesota businesses fund projects. •Loans up to $150,000 for new start-ups and $300,000 for expansions. •Interest rates, frequently below market, are based upon the merit of […]

Revolving Loan Fund – City of Morris, Minnesota

Areas Served: City of Morris The City of Morris, Minnesota can provide financial assistance to businesses in the City of Morris using its revolving loan fund. The City currently has two loan programs for “Gap” Financing and Storefront Renovations. Annual interest fixed rate of not more than 3 percent for the term of the loan […]

Revolving Loan Program – City of Watkins

Areas 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 […]

Microenterprise Loan – Southwest Initiative Foundation

Areas Served: Big Stone, Carver, Chippewa, Cottonwood, Jackson, Kandiyohi, Lac qui Parle, Lincoln, Lyon, McLeod, Meeker, Murray, Nobles, Pipestone, Redwood, Renville, Rock, Stearns, Swift, Wright and Yellow Medicine counties. The Microenterprise Loan from Southwest Initiative Foundation helps entrepreneurs develop small businesses and self-employment opportunities in the southwest Minnesota counties of Big Stone, Carver, Chippewa, Cottonwood, […]

Revolving Loan Fund – City of Parkers Prairie, Minnesota

Areas Served: City of Parkers Prairie The City of Parkers Prairie, Minnesota has economic development money available to qualified business. The fund has been established to provide matching loans to businesses. Loan Amount: $5,000 – $40,000 Uses of Funds: Acquisition or acquisition for demolition, building rehabilitation improvements, demolition of non-functional buildings and public facilities Interest: […]

Revolving Loan Fund – City of Chokio, Minnesota

Areas Served: City of Chokio The City of Chokio, Minnesota can provide financial assistance to businesses in the City of Chokio using its revolving loan fund. The City currently has a loan program for “Gap” financing. Loan terms of: • 10 to15 year term – Real estate • 5 to 10 year term – Machinery, […]

Business Incentive Program – Barnesville Economic Development Authority

Areas Served: City of Barnesville In an effort to encourage retail and industrial businesses to locate within the Barnesville trade area, interested individuals are encouraged to take advantage of the Barnesville, Minnesota Area Business Incentive Program. With a total value in excess of $5,000, the Incentive Package is designed to assist new businesses with many […]

Revolving Loan Fund – North Central Economic Development Association

Areas 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, […]

Revolving Loan Fund – City of St. Charles, Minnesota

Areas Served: City of St. Charles The purpose of these documents is to provide guidelines for the award and processing of loans under the City of St. Charles Economic Development Authority (EDA) Revolving Loan Fund (RLF) Program. It is intended to be used as the procedure for the EDA to follow in the administration of […]

Business Loan Fund – Carver County, Minnesota

Areas Served: Carver County Goal of the CDA BLF Program: – Provide attractive capital to successful and financially strong Carver County, Minnesota businesses helping them grow and expand. – The creation of living wage jobs, an increase in the commercial tax base, and retention of quality companies and workforce is the primary reason for creating […]