Skip to main content

Search form

Home

LOGIN TO YOUR ACCOUNT

Loading NISC SmartHub log in. Please wait...

'Loading NISC SmartHub log in. Please wait...'
Menu
  • My Account
    • Sign In
    • Pay Now
    • My Bill
    • Billing Options
    • Update My Account
    • Submit Meter Reading
    • My Notifications
    • Capital Credits
    • Frequently Asked Questions
  • Money Saving Programs
    • Residential Members
      • Rates and Rebates
      • Heating & Cooling Options
      • Electric Vehicles
      • Contractor Resources
      • Today's Load Control Times
    • Business Members
      • For Your Business
      • Economic Development
      • Business Financing
      • Today's Load Control Times
  • Outages and Safety
    • Report an Outage
    • Outage Map
    • Storm Center
    • Safety Center
    • Why Outages Happen?
    • How Power Is Restored?
    • Tips For Outages
  • Start/Stop Service
    • Apply for NEW Construction Service
    • Transfer EXISTING Service
    • Disconnect/Reconnect
    • Renewable Energy
    • Right Of Way
    • Viasat High Speed Internet
    • Meter Removal from Socket
  • My Cooperative
    • About Us
      • About Lake Country Power
      • What Is An Electric Cooperative?
      • Electric Rates
      • Directors & Districts
      • Career Opportunities
      • LCP Senior Staff
      • IRS Form 990
    • Members
      • Member Center
      • New Member Packet
      • Co-op Bylaws
      • Board Minutes (Sign In)
      • Policies (Sign In)
      • Financials (Sign In)
      • Annual Meeting
      • Board Meetings
      • Service Satisfaction Survey
    • Community
      • Community Center
      • Events
      • Operation Round Up®
      • Scholarships
      • Youth Tour
      • Co-op Connections Card
      • Community Awards
  • Newsroom
    • Lake Country Power News
    • "Newsline" Newsletters
    • LCP-TV/Videos
    • New Meter FAQs
    • Media Contacts
    • 2021 Construction Projects
    • Safety Center

Business Financing

You are here

  1. Money Saving Programs
  2. Business Members
  3. Business Financing

Good for business

Lake Country Power works as a liaison to member businesses to help our communities prosper.

Business Financing Programs through Lake Country Power and Great River Energy’s member cooperatives

USDA loans — Revolving Loan Fund:

  • 0% interest rates

  • 10 year loan period

  • Business Loan Program: Up to $1 million in a direct loan at 0% interest to qualifying businesses

  • Grant Program: Up to $300,000 in a direct loan for public and nonprofit entities – (Grant to LCP to fund revolving loan)

Direct Loans:

  • Up to 10 year payment

  • Maximum of 80% of project for non profits - 30% for profit entities

  • Minimum Equity of 10%

  • Maximum of $300,000 total: up to $100,000 from LCP’s revolving loan fund and Interest = 2% below prime but not less than 3%

  • Up to $200,000 from GRE’s loan fund: interest rate = Minimum is prime rate

Minnesota Community Capital Fund:

We facilitate MCCF loans through Great River Energy

Energy grants:
Conservation Improvement Programs, Energy Efficiency programs, incentives and rebates call 800-421-9959 for more information.

For more information send us an email.

At no additional cost to the consumer, the co-op serves as a liaison to help business members like Handberg’s Marina on Crane Lake secure funds for growth and expansion.

Back to Top

Quick Links

  • About Us
  • News
  • Business Hours
  • Privacy Policy

Lake Country Power

26039 Bear Ridge Dr., Cohasset, MN 55721

4065 Highway 73, Kettle River, MN 55757

8535 Park Ridge Dr., Mountain Iron, MN 55768

Phone Contacts

For Outages: 800-421-9959, #1

Billing/Service Transfers: 800-421-9959, #5

Member Service: 800-421-9959, #6

 

Follow us on social media

©2022 Lake Country Power. All Rights Reserved.

  • My Account
    • Sign In
    • Pay Now
    • My Bill
    • Billing Options
    • Update My Account
    • Submit Meter Reading
    • My Notifications
    • Capital Credits
    • Frequently Asked Questions
  • Money Saving Programs
    • Residential Members
      • Rates and Rebates
      • Heating & Cooling Options
      • Electric Vehicles
      • Contractor Resources
      • Today's Load Control Times
    • Business Members
      • For Your Business
      • Economic Development
      • Business Financing
      • Today's Load Control Times
  • Outages and Safety
    • Report an Outage
    • Outage Map
    • Storm Center
    • Safety Center
    • Why Outages Happen?
    • How Power Is Restored?
    • Tips For Outages
  • Start/Stop Service
    • Apply for NEW Construction Service
    • Transfer EXISTING Service
    • Disconnect/Reconnect
    • Renewable Energy
    • Right Of Way
    • Viasat High Speed Internet
    • Meter Removal from Socket
  • My Cooperative
    • About Us
      • About Lake Country Power
      • What Is An Electric Cooperative?
      • Electric Rates
      • Directors & Districts
      • Career Opportunities
      • LCP Senior Staff
      • IRS Form 990
    • Members
      • Member Center
      • New Member Packet
      • Co-op Bylaws
      • Board Minutes (Sign In)
      • Policies (Sign In)
      • Financials (Sign In)
      • Annual Meeting
      • Board Meetings
      • Service Satisfaction Survey
    • Community
      • Community Center
      • Events
      • Operation Round Up®
      • Scholarships
      • Youth Tour
      • Co-op Connections Card
      • Community Awards
  • Newsroom
    • Lake Country Power News
    • "Newsline" Newsletters
    • LCP-TV/Videos
    • New Meter FAQs
    • Media Contacts
    • 2021 Construction Projects
    • Safety Center