Revolving Loan Fund

The purpose of the revolving loan fund (RLF) is to encourage business development and enhance the business climate in the community.  Since 1993 the City of Floodwood has loaned more than $550,000 in low interest loans to area businesses.  The average interest rate on a revolving loan is 6% - perfect for your small business needs!!

 

For more information, guidelines, and/or application contact Cory Suonvieri, Deputy clerk at 218-476-2751 extension 22 or Email: admin@ci.floodwood.mn.us