The UMVRDC Revolving Loan Fund (RDC RLF) has a balance available for lending in the amount of $351,188.50 (as of February 2011).
If you know of a new or expanding business that may need a low interest loan please have them contact the RDC or let staff know so we may reach out to the business.
Funds may be used for equipment, real estate and working capital. Bank participation is required. Interest rates are typically between 4-6% with terms of 5-20 years depending on the activity financed.
For more information about the RDC RLF, view the RLF page here on our website or contact Jacki Anderson at 320-289-1981.