Proven businesses can accelerate growth with the Business Expansion Loan Program
24 Jul 2024
Great River Energy’s Business Expansion Loan Program encourages new energy sales through business expansion and development. The program favors commercial and industrial investment that brings new business into rural Minnesota.
Stimulating industry development with the Business Expansion Loan Program
Recipients must disburse funds to startups and expanding businesses, emphasizing land acquisition and predevelopment, construction and inventory. The low interest rates and long loan terms provided by the Business Expansion Loan Program allow businesses to repay their loans once financially stable. Borrowers can repay the generous loan conditions by generating at least 500 kilowatts of new electrical demand.
Read about the Business Expansion Loan Program’s requirements before beginning an application.
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