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SBA 504 Loan Program

Category: Business Finance Options

Prairieland EDC can potentially finance a total of 90 percent of the project between the bank and the SBA (10 percent equity requirement). The SBA offers a 10- and 20-year term with a fixed rate of approximately 4.26 percent for October 2016.   We work with the Prairieland Economic. Development Corporation, Slayton, MN on SBA 504 loans.

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"Just wanted to say thank you for a great tour of Redwood is so wonderful to see a community with such beauty and awareness of its potential by the way Redwood Falls promotes itself and the surrounding area. We thoroughly enjoyed seeing the growth and remarkable natural setting that the area provides....what a pleasant and unexpected surprise!!! Thank you again for taking the time to show us your beautiful city and all it has to offer....anyone would be pleased to visit and locate there!"

Jackie Buysse

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