Sources of finance for businesses in the County and State:
Region 5 Development Corporation The Region 5 RDC manages the micro-lending program for this part of the state. It covers loans of as little as $1,000 to new businesses.
East Central Energy ECE, which provides electrical service in the southern one-third of the County, has several loan programs for such things as financing for land and building acquisition, land improvements and new buildings.
East Central Regional Development Commission The ECRDC in Mora operates a revolving loan fund for gap financing for businesses.
Minnesota SBIR/STTR Program Go to the Minnesota DEED website for information on these programs which provide grants and contracts to small and start-up companies .
Family Assets for Independence in Minnesota FAIM helps low income families save to start businesses with a matching program.
Great River Energy GRE supplies electricity to the area through ECE and has several loan programs for business start-up or expansion.
Initiative Foundation The IF has business finance programs in direct lending, green business lending and for technology capital.
Minnesota Business Finance Corporation The MBFC works with businesses toward packaging of SBA loan applications.
Property Assessed Clean Energy PACE financing acts as an assessment on your property taxes for financing energy efficiency improvements or clean energy systems like solar panels.
US Small Business Administration While they do not do direct lending, SBA works with banks and borrowers to guarantee loans.
USDA Rural Development This branch of the USDA does lending through several programs to businesses in rural areas.