Financing

Economic Development

Are you looking to start, grow or relocate a business in Pine County?

Below are a variety of business resources available:

East Central Regional Development Commission - The East Central Regional Development Commission (ECRDC) can provide gap financing to new, expanding and relocating small businesses in East Central MN.

Initiative Foundation  - The Initiative Foundation works to create economic opportunity by lending funds to locally owned businesses.

Entrepreneur Fund  - The Entrepreneur Fund provides business loans for acquisition, expansion, working capital and other needs up to and exceeding $750k. 

East Central Energy  - ECE provides electrical service in most of Pine County, and is also a community partner in economic development, gap financing, rebates and incentives.

Minnesota Department of Employment & Economic Development - DEED offers a variety of business programs, from starting your business to finding the trained workforce you need to suceed.

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.

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.