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The Clay
County Revolving Loan Fund is also a community fund of the
West Central Initiative. It is common for monies from the
Clay County Revolving Loan Fund to be used in conjuction with
monies from the Barnesville Area Community Fund.
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: Individuals, partnerships,
limited partnerships, and corporations engaged in for profit
and not-for-profit business activities that create or retain
jobs in Barnesville.
Loan Amount: $5,000 maximum.
Interest Rate: Generally varies from
4% to 10%.
Term: Negotiable.
Contact:
Nancy Nelson
MN Extension — Clay County
919 8th Avenue North
Moorhead, MN 56560
(218) 299-5020 or (800) 299-5020
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Programs |
