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)
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
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.