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.