Loans – conventional commercial real estate, equipment and operating loans are available from local banks

SBA Packages – various packages available through local banks for the purchase and refinancing of businesses (ex: 7a, 504 and Express programs)

Gap Financing

• Available through the West Central Initiative Fund for business acquisitions
• Loan pool for business acquisitions (made up of First National Bank, Otter Tail Power, Park Region Telephone and West Central Initiative Fund)

Financial structuring plays a key role in business success. LADA is knowledgeable about the range of programs available to businesses and is focused on your success. After a thorough review of your project, our staff will assemble resources and recommend applicable financial programs – along with federal, state, and local incentives – that will best meet your needs.

To learn more about the region’s tax environment and the abatements available to your business, rely on the Lakes Area Development Association as your point of contact.