Financial Assistance

Regional financing opportunities may be available through the following organizations.

Mid-Minnesota Regional Development Commission

Mid-Minnesota Regional Development Commission (RDC) provides technical assistance to government, businesses and local organizations; administers state and federal programs; and coordinates multi-jurisdictional activities to maintain or enhance the quality of life in the counties of Kandiyohi, McLeod, Meeker and Renville.

Contact Mid-Minnesota RDC at mmrdc@mmrdc.org or 800-450-8608.

Prairieland Economic Development Corporation

Prairieland Economic Development Corporation (EDC) is a private, nonprofit corporation organized in 1983 to deliver the U.S. SBA 504 program. Today, Prairieland EDC is a SBA 504 Premier Certified Lender. As a non-traditional lender for more than 20 years in the region, Prairieland EDC has created a diverse portfolio of more than 250 loans for about $55 million. 

Contact Prairieland EDC at info@prairielandedc.com or 800-507-9003.

Upper Minnesota Valley Regional Development Commission 

In 1973, the Upper Minnesota Valley Regional Development Commission was organized by local elected officials as authorized by the Regional Development Act of 1969. Its purpose, according to the legislation, is to "facilitate intergovernmental cooperation and to ensure the harmonious coordination of state, federal, and local comprehensive planning and development programs for the solution of economic, social, physical, and governmental problems of the state and its citizens." The UMVRDC is governed by a board of representatives from counties, townships, cities, school districts, tribal council and special interest groups. This group is referred to as the "Commission."

Contact UMVRDC at umvrdc@umvrdc.org or 320-289-1981

Southwest Initiative Foundation

A strong, diverse economy that capitalizes on existing assets in the region is a key to a prosperous future for southwest Minnesota. For more than 20 years, the Southwest Initiative Foundation (SWIF) has supported regional business growth by providing gap financing for new and expanding businesses.

Today, SWIF has even more loan options available for entrepreneurs and communities to help sustain and grow
businesses and accomplish community development projects, all of which translates into more opportunities for
the people of this region.

The SWIF loan team is ready to work with you on your project. Whether you are an aspiring entrepreneur, an existing business owner or a commercial lender, SWIF is anxious to help make your project a reality. If you are looking to start or expand a business, we are confident that one of our financing programs will fit your needs. SWIF is an equal opportunity provider.

Contact SWIF at loans@swifoundation.org or 800-594-9480.

Southwest Regional Development Commission Revolving Loan Fund

Since the capitalization of the Southwest Regional Development Commission (SRDC) Revolving Loan fund in 1995, the SRDC has made 72 loans for a total of $4.2 million. As repayments are made to the pool, they continue to be relent to small businesses throughout the region. Businesses in Cottonwood, Jackson, Lincoln, Lyon, Murray, Nobles, Pipestone, Redwood and Rock counties are eligible to apply.

Contact SRDC at srdc@swrdc.org or 507-836-8547.

Minnesota Capital Community Fund

 The Minnesota Community Capital Fund (MCCF), a nonprofit corporation, provides local communities and economic development agencies throughout rural Minnesota with the opportunity to participate in an innovative development financing organization as a means of helping local businesses and nonprofits secure the capital they need to grow and prosper--when they need it.

Contact MCCF at bpalmquist@mncommunitycapitalfund.org or 800-860-6223.

Local financing opportunities

A list of community lenders will be available soon as this site is developed.