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.
Learn more about how businesses can access working capital through such a loan.
InnovationJan 15 2018
Minnesota is a great place for innovation Minnesota is a great place for innovation – it’s embedded in our identity. Earlier this year, Minneapolis was named as one of the best startup cities in the Midwest. Minnesota annually ranks among the top five states in new patents per capita and is home...
Mainstreams: Landmark has turned a cornerJan 12 2018
The fruits of Keith and Debbie Johnson’s labors as owners and operators of Landmark Motel and Extended Stay are starting to pile up. People have certainly noticed the physical transformation that has taken place at the business located along Main Street, in downtown Elk River, across from the original...
Resources for businessJan 8 2018
There are many challenges associated with starting or expanding a business, from finding adequate financing to attracting skilled workers. Thankfully, Minnesota has great resources for businesses. The Minnesota Department of Employment and Economic Development (DEED) can help mitigate some of the typical risks. DEED can assist businesses with obtaining...