The Revolving Loan Fund Program is aimed at providing a financial incentive to property owners to improve the overall condition of existing property structures. The loan program is structured to recognize the financing needs for improvements. Each application will be reviewed, and decisions to fund individual loan requests will be based on the financial feasibility of the project and repayment capacity of the applicant.
The City of Sherburn Economic Development Authority (EDA) is now taking applications for the City of Sherburn Revolving Loan Fund. The Revolving Loan Fund was established by the Sherburn Economic Development Authority (EDA) to assist businesses and residents with completing exterior and interior improvements to their buildings, including building additions. This public fund provides a source of financing at a low-interest rate that can be used in conjunction with other private lender financing and/ or owner(s) contributions. The loan program can be used to pay 80-percent of the project cost up to $10,000.
The Revolving Loan Fund Program is aimed at providing a financial incentive to property owners to improve the overall condition of existing property structures. The loan program is structured to recognize the financing needs for improvements. Each application will be reviewed, and decisions to fund individual loan requests will be based on the financial feasibility of the project and repayment capacity of the applicant.
Applications can be picked up at city hall or downloaded from the city website.
If you have any further questions, feel free to contact City Hall at 507.764.4491
Sherburn City Hall
21 E. First Street P.O. Box 667
Sherburn, MN 56171
Hours
Monday-Friday: 7:00 a.m. to 4:00 p.m.
Closed: 12:00 p.m. to 1:00 p.m.
