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Below prime loans for industrial businesses for real estate, equipment, and infrastructure costs.
Term | Fees | Interest |
---|---|---|
10 to 15 years | 10% of loan amount | 2 to 3 points below prime |
Interest Type | Amount | Eligibility/Requirements |
---|---|---|
Fixed | $100,000 | Located in West Elk River and must be an industrial business. 10% equity requirement. |
Sherburne County Economic Development
Attn: Jessica Barthel
13880 Business Center Drive NW
Elk River, MN 55330-4668
Phone: 763-765-3014
800-433-5228
Fax: 763-765-3002
Email