Business Finance Programs

Business Financing Programs

through Lake Country Power and Great River Energy’s member cooperatives:

USDA loans
0% interest rates
10 year loan period

Business Loan Program: Up to $1 million in a direct loan at 0% interest to qualifying businesses
Grant Program: Up to $300,000 in a direct loan for public and nonprofit entities – (Grant to LCP to fund revolving fund)

Direct Loans:

  • Up to 10 year payment
  • Maximum of 80% of project for non profits - 30% for profit entities
  • Minimum Equity of 10%
  • Maximum of $300,000 total: up to $100,000 from LCP’s revolving loan fund and Interest = 2% below prime but not less than 3%
  • Up to $200,000 from GRE’s loan fund: interest rate = Minimum is prime rate

Minnesota Community Capital Fund
We facilitate MCCF loans through Great River Energy

Energy grants
Conservation Improvement Programs, Energy Efficiency programs, incentives and rebates call 800-421-9959 for more information.