Revolving loan fund for small businesses
September 28, 2020
North Central Planning Council was awarded $1,180,000 in CARES Act funding from the Economic Development Administration (EDA) to establish a Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Benson, Eddy, Cavalier, Ramsey, Rolette and Towner Counties. The EDA investment also provides an additional $75,273 to defray the costs of administering the RLF.
The EDA inv...