The UMVRDC has funds still available at low, low rates! Take advantage of these low rates as it has been reported by The Wall Street Journal that Wednesday, the Federal Reserve is expected to raise its benchmark interest rates. If the Fed hikes the rates three times as they are predicting, it will make for quite a jump in consumer financing costs.
The UMVRDC’s Revolving Loan Funds are available for new or expanding business in Big Stone, Swift, Chippewa, Yellow Medicine, and Lac qui Parle Counties. Funds can be used for working capital, fixed assets, and real estate financing.
For more information about the RLF and an application, visit this page on our website or contact Laura Ostlie at 320-289-1981, ext 102 or laura@umvrdc.org
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