Child Care Loan Program
Considering starting up a family child care business? The Lake of the Woods Economic Development Authority is now offering partially forgivable loans to new and expanding child care providers in Lake of the Woods County. Payments on the loans are forgiven at 50% of the principle each month as long as the child care stays in operation. If it closes prior to the end of the loan period, the loan recipient is required to pay back only the remaining principal of the loan.