Finance Tools

Financing is one of the essential elements in business startups or expansions. Community Development of Morrison county, Inc. recognizes this need and is continually researching various funding opportunities at the private, local, state and federal levels.

Organizations

Small Business Administration
Local lenders and Community Development are familiar with Small Business Administration loan guarantees and other special SBA programs. They will be glad to provide up-to-date information on the assistance SBA can provide.

Other
Several regional funding organizations are in existence, such as the Initiative Foundation, Region 5 Regional Development Commission, the Minnesota Community Development Corporation, as well as private sources. Community Development of Morrison County is well acquainted with these organizations as well as state-wide funding programs. They are most willing to explore these opportunities and work with new development to obtain necessary capital.

Community Development Morrison County Incentive Programs

These financial options are available in many communities, and they become truly accessible in Morrison County because of the financing expertise available through the Community Development organization. Experienced assistance is offered for conventional financing, international transactions, tax exempt mortgages, industrial revenue bonds, federal loan guarantees (FmHA & SBA), federal grant loans, tax increment financing, special low interest revolving loan funds, convertible debentures and other financing method.

Industrial Revenue Bonds (IRB’s)

Industrial Revenue Bonds can be used for projects which create jobs and/or additional tax base. If a project accomplishes that purpose, the local unit of government can authorize Industrial Revenue

Category: Financial Assistance

Revolving Loan Fund

Community Development of Morrison County and the City of Little Falls have revolving loan funds. The funds may be utilized for low interest loans by manufacturing firms expanding or locating

Category: Financial Assistance

Revolving Loan Funds

Community Development of Morrison County, Morrison County, the cities of Pierz and Royalton as well as the City of Little Falls have revolving loan funds. The funds may be utilized

Category: Financial Assistance

Tax Increment Financing

Tax Increment Financing is available in various areas of the county. Tax increments available from the increase in assessed value of property, resulting from new development, can be directed by

Category: Financial Assistance

Tax-Exempt Mortgage

The Tax-Exempt Mortgage is similar to an Industrial Revenue Bond, but a mortgage note is issued instead of multiple bonds. Because the servicing costs of a single note are lower

Category: Financial Assistance