WEST CENTRAL INITIATIVE REVOLVING LOAN FUND

The West Central Initiative is a 501(c)3 non-profit public foundation which serves an eleven county area in West Central Minnesota. A variety of loan programs are available to assist businesses.

Type of Funding: Low interest loans.

Eligible Uses of Funds: Land acquisition, building acquisition, construction additions, alterations, machinery, equipment, inventory and other working capital needs.

Eligible Borrowers: For-Profit businesses, generally manufacturers or start-up companies, but not retail and service business.

Loan Amount: $100,000 maximum up to approximately $20,000 per job created and not more than 50% of the project cost.

Interest Rate: Generally 1-2% below prime or competitive market rates.

Term: Matches the length of term offered by participating lender in most cases.

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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