City of Mankato

mankato

 

City Center Renaissance Loans

Contact: 

Kristin Prososki, Economic Development Specialist
507-387-8687

Description:

This Loan Program provides low interest loans for building improvements or tenant improvements to promote and assist with revitalization in Mankato’s City Center.

Eligible Use of Funds:

Eligible uses of funds include acquisition of buildings for redevelopment activities, redevelopment of existing building conditions, demolition or removal of existing buildings for redevelopment activities or as necessary to support new or existing businesses, and leasehold improvements.

Learn More:

http://www.mankato-mn.gov/City-Center-Revolving-Loan/Page.aspx

 

Economic Development Authority Revolving Loans

Contact:

Kristin Prososki, Economic Development Specialist
507-387-8687

Description:

This Loan Program provides gap financing in the form of low interest loans to primary sector (industrial) businesses.

Eligible Use of Funds:

Eligible uses include land improvement (including utilities, parking lots, etc), purchase or renovation of building, purchase of machinery or equipment, building construction, and leasehold improvements.

Learn More:

http://www.mankato-mn.gov/Revolving-Loan/Page.aspx