SRDC Funding Opportunities

Revolving Loan Fund Program, or RLF, is designed to provide gap financing for retail, service, industrial, value-added agriculture, manufacturing and distribution businesses starting up or expanding in the 9-county region of Cottonwood, Jackson, Lincoln, Lyon, Murray, Nobles, Pipestone, Redwood and Rock.

Loan parameter- $5,000-$100,000- Maximum of $20,000 loaned per full-time equivalent (FTE) position created and/or retained
Eligible Use of Funds- Fixed Assets and/or Inventory, Real Estate or Working Capital
Collateral- All loans must be secured with available assets, inventory and/or real estate.
For more information, please review the RLF Application.

Property Assessed Clean Energy, or PACE, is a financing tool used to assist commercial, industrial, non profits, and agri-business with improvements to existing facilities that substantially increase energy efficiency. PACE allows businesses to make these fixture improvements without the up-front capital outlay. Costs for the improvements are paid back through a special assessment on their property taxes. The increase in property taxes is offset by the decrease in energy costs so that the business sees no change in their bottom line.

Loan parameter: $5,000- $100,000
More information, including the PACE brochure and PACE application, can be found on the RMEB website.