The East Range Participation Loan Program offers economic development financing for businesses to enhance the economic base and vitality of East Range communities. Eligible businesses can apply to receive funds for job creation and retention, area economic growth and redevelopment, and other types of projects.
The minimum loan amount is $5,000 and the maximum loan amount is $20,000, unless otherwise approved by the ERJPB. Benefit from enhanced understanding and knowledge of available local resources, a streamlined approach to securing financial resources at a local level, and favorable and flexible terms and conditions.
Businesses located within the ERJBP communities of Aurora, Biwabik, Hoyt Lakes, and the Town of White are encouraged to apply. You can find more information here and get started with the application.
For any questions regarding this program, please contact Northspan’s Karl Schuettler at kschuettler@northspan.org or (218) 481-7737.
