Little Falls EDA extends emergency small business loans for Little Falls businesses

21 Jul 2020

Business, Economic Development, Community, Government

The Little Falls Economic Development Authority has extended the emergency small business loans for Little Falls businesses, until July 29, at 4:30pm. Applications can be found on the city’s webpage. Loans for eligible businesses can be made for up to $5,000 for 42 months, payments will be deferred for the first 6 months, and will be 0% interest will monthly payments for the final 36 months. If the applicant makes 18 months of payments or $2,500 of principal payments, the remaining $2,500 will be forgiven.

For more information, refer to the following resources.

City Hall – 320-616-5500, https://www.cityoflittlefalls.com/

Morrison County Community Development – 320-632-5466

MN DEED Small Business Emergency Loan - https://mn.gov/deed/business/financing-business/deed-programs/peacetime/

Read this article here.

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