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UMVRDC

  • Who We Are
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      • Revolving Loan Fund
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Revolving Loan Fund

The RLF has made $8.9 million in business loans and created and retained 3,065 jobs since the loan fund started in 1988.

RLF Annual ReportRLF BrochureRLF PowerpointApplication Narrative Application Budget

Dawn Hegland   |   Executive Director
320-289-1981 ext. 101
dawn.hegland@umvrdc.org

January Meeting

2021 Revolving Loan Fund

Project Highlights

$1,380,172

The amount of RLF funds loaded out in 2021

$6,727,672

Other public & private funding

108 Jobs

Are expected to be created and retained

$3,396,166

Total investment funds

Providing access to affordable capital through gap financing for business start-up or expansion

The UMVRDC Revolving Loan Fund is designed to provide gap financing for business and industry starting up or expanding in the five-county region of Big Stone, Chippewa, Lac qui Parle, Swift and Yellow Medicine. The primary focus of the program is manufacturing and industrial-related businesses that will create or retain jobs.

Chippewa ProjectsLQP  ProjectsSwift ProjectsYellow Medicine ProjectsBig Stone County Projects

Eligibility: Must be located in Big Stone, Chippewa, Lac qui Parle, Swift or Yellow Medicine Counties.

Types of Activities Financed

  • Business start-ups or expansions with priority given to manufacturing, technology and/or diversification of the local economy.
  • Non-profits are eligible for financing but must meet all other lending requirements.
  • Commercial/retail activities must fulfill a local need for essential goods and services and not be in direct competition with a similar business

Key Lending Objectives

  • Job Creation – 1st priority
  • Job Retention – 2nd priority
  • Create or retain full-time livable wage jobs
  • Encourage private sector investment
  • Support diversification of the regional economy
    Free Small Business Webinars Upcoming Business Marketing Webinars Marketing Webinar Recordings
    RLF Videos

NEWS & RESOURCES

Deb Brown – Redeveloping Underused Spaces in Your Community

Deb Brown - Redeveloping underused spaces in your community Deb Brown visited the Upper MN Valley Region in the Fall of 2022 where she presented…

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Employment Opportunity: Loan Officer

Full time loan offer position with the primary responsibility for the management of the UMVRDC’s Revolving Loan Fund. This fund is a federally funded $3.5…

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Forever In My Heart Pet Cremation

Read how Anderson-TeBeest Funeral Home utilized the UMVRDC CARES Act RLF to start Forever in Our Hearts Pet Cremation to serve pet owners in Granite…

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Outlaw Graphix

With help from the UMVRDC CARES Act RLF, Outlaw Graphix was able to purchase equipment to help their quickly-growing business continue to provide quality products…

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REGIONAL EXAMPLES

Forever In My Heart Pet Cremation

Outlaw Graphix

The HomeStore Design Center

Madsen Family Chiropractic

Sunshine & Whiskey Filling Station

Granite Falls Woodworks

The three owners of the Dryer Doctors holdling a UMVRDC RLF sign.

The Dryer Doctors

Montevideo

Owner of Krave Wellness posing in her gym with teadmilles, bikes, and elipticals in the bakcground.

Krave Wellness

Canby

Owner of Go Fasters posing in his store with snowmobile helmets in the background.

GoFasters Powersports & Marine

Ortonville

SEWearable Designs

Appleton

After Five Supper Club

Madison

DoMat’s Family Foods

Benson

Hilltop | Bar, Grill & Event Center

Dawson

SEWearables

Appleton

Almich’s Market

Clara City

Ortonville Independent

Ortonville

Domats

Benson

Al’s Mercantile

Dawson

Our Mission

Enable the region to thrive through assisting local units of government.

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UMVRDC Logo. A good flying in a beige circle. Blue and tan font that reads: Upper Minnesota Valley Regional Development Commission.

323 West Schlieman Ave

Appleton, MN 56208

320-289-1981
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