Minnesota Business Finance Corporation (MBFC) awarded a grant to North Central Economic Development Association (NCEDA) in Staples, MN. The Rural-Micro-Entrepreneur Assistance Program (RMAP) capitalizes funds from a revolving loan fund. RMAP makes loans, provides business-to-business training, as well as technical assistance to rural micro borrowers.
This opportunity is offered in partnership with the East Central Regional Development Commission (ECRDC) to 10 difference counties in central Minnesota. Eligible applicants with expansion or projects with a high degree of techinical assistance can use this additional affordable funding source.
For more information click here for the link to NCEDA’s website. The North Central Economic Development Association is a program of Region Five Development Commission.