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Administered
by the West Central Initiative.
Type
of Funding: Low interest loans.
Eligible
Uses of Funds: Start-up costs for new businesses or business
expansion.
Eligible
Borrowers: For-Profit businesses, generally not retail
and service business that are competitive with existing businesses.
Loan
Amount: Up to $20,000.
Interest
Rate: Generally 1-2% lower than New York prime rate.
Term:
Up to 5 year, negotiable.
Contact:
Jay Larson
West Central Initiative
Norwest Bank Building, Suite 205
220 West Washington Avenue
Fergus Falls, MN 56537
(218) 739-5381 or (800) 735-2239
www.wcif.org
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