Economic Development Revolving Loan Fund

For City of Delano retail and servic businesses that have been impacted by the COVID-19 Pandemic and subsequent State of Minnesota orders for business closure or interruption.

The City, through its EDA, has a revolving loan fund balance of $100,000 that it is making availble for retail and service businesses to make utility payments. The State has relaxed restrictions and is allowing the City to expand its availability. Information on the revolving loan fund can be found here: 
http://www.delano.mn.us/Pictures/Delano_Economic_Development_Revolving_Loan_Fund.pdf

Please contact Phil Kern by email at pkern@delano.mn.us to request loan consideration. Request should include the following:

   >> Business name, address, contact information
  >> Business status (closed, limited operation, etc)
  >> Typical monthly utility billing amount