Micro loan Fund

Micro Loan Fund

  • Agency: City of Elk River
  • Phone: 763-635-1042

Below prime loans for industrial businesses for real estate, equipment, and infrastructure costs.

10 to 15 years10% of loan amount2 to 3 points below prime

Interest Type

Interest TypeAmount Eligibility/Requirements
Fixed$100,000Located in West Elk River and must be an industrial business. 10% equity requirement.