North Central Economic Development Association (NCEDA) Revolving Loan Fund

NCEDA provides financial assistance to businesses through low interest loans for business expansions, new businesses and transfers of ownership in Region Five.  The program is designed to offer fixed asset and working capital financing for new and expanding businesses. Eligible uses include:

- Acquisition and/or improvement of land, buildings, plant, and equipment
- New construction or renovation of existing facilities
- Demolition and site preparation
- Machinery and equipment purchase
- Working Capital, which includes, inventory and accounts receivable

Region Five Development Commission

Phone: 218-894-3233

Category: Local Incentives, Loans

The Initiative Foundation works to create economic opportunity by lending funds to locally owned businesses. The Initiative Foundation is certified as a Community Development Financial Institution, or CDFI. The certification from the U.S. Department of the Treasury’s CDFI Fund signifies that the Foundation meets...
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TCDC RLF funds provide additional access to capital for new and emerging small businesses where traditional sources of funding are unavailable or limited.  Strong consideration is given to value added agricultural manufacturing, technology, commercial/industrial and product manufacturing businesses that retain or create quality jobs.  RLF funds are...
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