Loans for Minnesota Businesses & How to Apply

Loans for Minnesota Businesses & How to Apply Main Photo

3 Jan 2023


Great River Energy (GRE) and our cooperatives have loans for Minnesota businesses and we can help you to apply for them! We understand that running a business is time consuming and it can be difficult to find the financing necessary to grow and expand. Our economic development team is here to make the process easier. We have access to capital and will work with local businesses to utilize those funds to expand and grow. 

Loans for Minnesota Businesses & How to Apply

Great River Energy’s Business Expansion Loan Program is ideal for companies with growth opportunities that require additional gap financing, or are looking to lower their overall cost of debt service. It depends on the situation so the first step to take is to contact our team and discuss the needs of your business. To receive help with your application, contact Tom Lambrecht, Erin Sparks, or Jeff Borling.

Business Expansion Loan Program Details

  • Up to $500,000
  • 10 year term
  • Interest rates as low as 0%
  • No closing costs
  • Must result in new electrical demand of 500 kW for a Great River Energy member-owner cooperative
  • Can be used to acquire land, pay for construction, new equipment and even furniture

Click here for more details, or contact our team to start your application.