EDA Revolving Loan Fund

LARC’s EDA Revolving Loan Fund was capitalized by a grant from the Economic Development Administration in the aftermath of the 1997 Upper Midwest winter storm and flood disasters. First round funding was dedicated to remediation of disaster impaired businesses. Second round funding is open for general business development lending throughout the Lake Agassiz Region, including the City of Fargo, and may be used for real estate, equipment, inventory and general working capital. The maximum loan amount is $250,000 or one-third the total project cost, whichever is less.

FORMS (in pdf)

• EDA RLF Application
• Business Plan and Its Parts
• Confidential Financial Statement
• Income Projection
• Balance Sheet
• Borrower's Monthly Listing of Accounts Payable
• Borrower's Monthly Listing of Accounts Receivable
• Equipment Inventory

Please Contact Us or Request Info for a detailed description of eligibility requirements, fees and current interest rates.