City of Audubon issued the following announcement on April 24.
West Central Initiative is administrating MN DEED’s Small Business Emergency Loan Program (COVID-19), and there is still money available for businesses that qualify. The program seeks to provide a source of working capital to help businesses sustain operations during this challenging time.
Interested businesses should first determine their eligibility by going to the DEED website: https://mn.gov/…/financing-business/deed-programs/peacetime/ and click on the eligibility tab.
Interest free loans range from $2,000 to $35,000 and are based on economic injury and financial need. Loan payback is 5 years with the first payment deferred 6 months. Partial forgiveness of the loan may be available.
All submissions and queries should be routed through: loans@wcif.org
Original source can be found here.
Source: City of Audubon
Alerts Sign-up