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.
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
For more information including the PACE brochure and PACE application, click here.
Other Funding Opportunities
MN Department of Employment and Economic Development, or DEED
For more information on the Greater Minnesota Business Development Infrastructure Grant Program, click here.
Click here for more information on other Business Development Funding via DEED.
Minnesota Department of Agriculture (MDA)
Click here for information on MDA grants, loans and financing.
Minnesota Department of Transportation (MnDot)
Click here for more information on MnDot grants.
U.S. Department of Health and Human Services
Click here for more information on HHS grants.
United States Economic Development Administration (EDA)
Click here for more information on EDA funding opportunities.
Guaranteed Energy Savings Program, or GESP
For more information on the GESP , click here.
United States Department of Agriculture (USDA)
For more information on Rural Energy for America Program, click here.
Click here for more information on other financial assistance opportunities via USDA.
MN Department of Health (MDH)
Click here for more information on MDH’s grants and loans.
Minnesota Historical Society
Click here for more information on Minnesota Historical and Cultural Grants.
Minnesota River Area Agency on Aging, Inc. (MNRAAA)
Click here for more information on MNRAAA funding, grants and contracts.
For More Information