Financing for business
15 Jan 2018
Building a business is a capital-intensive process. Business expansions necessitate serious risk-taking and resources.
Sherburne County is committed to advancing area businesses. It partners with Elk River on economic development initiatives and features a local Revolving Loan Fund program that can provide up to $750,000 for a variety of business needs, including building purchases, construction, machinery and equipment.
These loans have reasonable fees. They’re both fixed and adjustable, with terms of up to 20 years for real estate and up to 10 years for equipment.