Kandiyohi County and City of Willmar Economic Development Commission -
www.kandiyohi.com for EDC - www.co.kandiyohi.mn.us for the Kandiyohi County
The mission of the Kandiyohi County and City of Willmar Economic Development Commission is to be a catalyst for the economic growth of the greater Kandiyohi County area.
Kandiyohi County offers several great loan programs for businesses:
· Kandiyohi County Industrial Initiatives Loan Program
· Kandiyohi County Revolving Loan Fund
· Kandiyohi County Entrepreneur's Loan Guarantee Program
· Minnesota Community Capital Fund
· Other Business Loan Programs
Plain and simple, we will work with you to make your business a success in Kandiyohi County. To receive information or assistance from our Economic Development staff, please send us an email www.kandiyohi.com with your request details. We will respond to you within 2 business days.
Willmar Lakes Area Chamber of Commerce - www.willmarareachamber.com
The mission of the Chamber is to advocate and promote the area-wide business community. We accomplish this through established objectives and with our Core Values which are: Public Policy, Economic Development, Community Promotion and Networking.
Other Useful Sources of Regional Business Assistance:
Mid-Minnesota Development Commission - http://www.mmrdc.org
Minnesota Business Finance Corporation - http://www.mbfc.org
SCORE - http://www.score.org
Southwest Minnesota Foundation - http://www.swifoundation.org
Small Business Development Center - http://www.mnsbdc.com/AreaSouthwest.htm
Ridgewater College Small Business Management Program - https://www.ridgewater.edu
The Grow Minnesota! Business Resources - https://www.mnchamber.com/grow-minnesota-business-resources
MN Department of Employment and Economic Development - www.deed.state.mn.us
Small Business Administration (SBA) - http://www.sba.gov
Manage your business from start to finish; Expand your business with programs and services; Increase your business knowledge and productivity and Support your business with a team of experts.
ARC Loans - http://www.sba.gov/recovery/arcloanprogram/index.html
The Small Business Administration's new America's Recovery Capital Loan Program, This program can provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship. ARC loans - which will begin on June 15. This is a different kind of program to meet a different kind of need at a unique economic time. The traditional SBA lending programs are targeted directly at long-term small business growth. But the Congressional intent behind ARC loans is different. ARC loans are a bridge to help viable small businesses that just need a little extra help to address immediate financial hardship, to save jobs, and to make it through some tough times.
Dealer Floor Plan Financing - http://www.sba.gov/floorplanfinancing/index.html
What is floor plan financing? Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. These loans are made against a specific piece of collateral (i.e. an auto, RV, manufactured home, ect.), When each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. In short, Dealer Floor Plan financing allows dealers to borrow against retail inventory. The dealer then repays that debt as they sell their inventory and borrows against the line of credit to add new inventory.
USDA Rural Development - http://www.rurdev.usda.gov/mn/rbs.htm
USDA Rural Development's mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development fosters growth in homeownership, finances business development and supports the creation of critical community and technology infrastructure. There are 13 USDA Rural Development field offices located throughout Minnesota that are ready to assist you.