News

St. James Opens Up EDA Business Development Loans Program

Mon 11-21-2022

(St. James)- St. James has recently opened up their EDA business development loans, available for any business in the county at a low interest rate.

These loans are for things like business start-ups, land acquisition, construction, repairs to buildings, equipment and more. The loans are between $5,000 and $50,000, and the goal is for these loans to create one job per $10,000 loaned.

There is a low interest rate of two percentage points below the WSJ, meaning that the current rate would sit at around 3.5%

Applications for these loans will be reviewed by the Loan Committee in St. James and for more information you can visit www.ci,stjames.mn.us or call Brianna at 375-1289.