Business Expansion Loan Program Helps Minnesota Businesses Grow in Co-op Areas

Business Expansion Loan Program Helps Minnesota Businesses Grow in Co-op Areas Main Photo

27 Dec 2022


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The Business Expansion Loan Program offered by Great River Energy helps rural Minnesota businesses to grow by providing capital at below-market interest rates. Businesses can borrow up to $500,000, or 50% of the project cost. Interest rates for eligible projects can be as low as zero percent (0% interest), making the Great River Energy Business Expansion Loan Program affordable for entrepreneurs.

Business Expansion Loan Program Helps Minnesota Businesses Build or Expand

Minnesota businesses served by Great River Energy member-owner cooperatives can use the Business Expansion Loan Program to pay for land, pre-development activities, and construction costs. If the cost to build is already covered, loan funds can be used to pay for fixtures, office furniture and equipment. This makes the loan program flexible and able to support a variety of business needs, regardless of where they are in the expansion process. 

This Minnesota business loan program is unique because the loan can be a direct loan or can be part of a larger loan as a participative lender (speak with your local banker about what this looks like). 

If you are a business owner looking for capital, read more about our Business Expansion Loan Program and contact us with further questions.