Revolving loan fund for small businesses

North Central Planning Council was awarded $1,180,000 in CARES Act funding from the Economic Development Administration (EDA) to establish a Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Benson, Eddy, Cavalier, Ramsey, Rolette and Towner Counties. The EDA investment also provides an additional $75,273 to defray the costs of administering the RLF.

The EDA invest...