HRDC and HRFC are pleased to announce the rollout of our new Covid-19 Relief Loan Fund. This program is the result of a $3.14 million grant from the federal Economic Development Administration and funded by the CARES Act. The purpose is to help businesses that have been negatively impacted by Covid-19.
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A few notes about the Covid-19 Relief Loan Fund:
- Eligible borrowers are businesses that have been negatively impacted by Covid-19. Start-ups will be considered if they are filling an essential service in their community.
- Flexible terms.
- Starting interest rates as low as 0% with adjustments made according to term and collateral.
- Loans will be made to businesses in five county region: Beltrami, Mahnomen, Clearwater, Hubbard, and Lake of the Woods.
Sarah Linda is the main contact for the program (contact information below), but you can also reach out to Tiffany Fettig at email@example.com (Underwriter) or Vicky Hetteen at firstname.lastname@example.org (Support Specialist).