northstar business resources

funding, financing, grants, and incentives

From commercial lending to grants and incentives, these organizations can help you get the funding you need to take your business to the next level.

border bank

Border Bank is a community-focused financial institution serving businesses throughout Northeastern Minnesota. They offer a range of financial solutions, including checking and savings accounts, loans, and lines of credit, tailored to meet the needs of small and medium-sized businesses.

As a locally owned and operated bank, Border Bank prides itself on its commitment to providing personalized service and building long-term relationships with its clients. They understand the unique challenges businesses face in the region and are dedicated to helping them succeed.

Border Bank offers the expertise, resources, and financial solutions you need to achieve your goals, whether you're just starting out or looking to grow your business. They are a trusted partner for businesses across Northeastern Minnesota with convenient online banking and multiple branch locations.

border bank financing page from their website as seen on a laptop

bremer bank

Bremer Bank provides banking solutions and services for businesses of all sizes. Bremer offers a comprehensive suite of products and services for your business, including checking and savings accounts, loans, credit cards, and treasury management.

In addition to traditional banking services, Bremer Bank offers specialized services such as wealth management, investment management, and insurance to support the financial goals of businesses. Operating in Minnesota, North Dakota, and Wisconsin, their experienced team is dedicated to providing personalized solutions and support to help businesses succeed.

Bremer Bank is a trusted partner for businesses in the Upper Midwest, providing the expertise and resources to manage cash flow, finance growth, and plan for the future.

bremer bank financing page from their website as seen on a laptop

city of int'l falls commercial loan program

The City of International Falls offers a Commercial Loan Program to support local business growth and expansion efforts. The program provides low-interest loans to eligible businesses within the city limits of International Falls.

Through this program, commercial property owners can borrow up to $24,999.99 when borrowing an equal or greater amount from their local lender to improve commercial property within the city limits. The loan is issued at a 3% interest rate with payments amortized over 30 years with a 5-year balloon payment. Collateral shall be a mortgage on the real estate to be improved and is due and payable should the borrower sell the property.

With access to affordable financing and technical assistance, businesses can take advantage of opportunities to expand and enhance their operations, ultimately contributing to the community's economic vitality.

city of international falls home page from their website as seen on a laptop

KOOCHCO Loan Program

Koochiching Economic Development Authority/Koochco is a private, non-profit gap financing agency. Koochco’s loans are meant to create and maintain permanent employment through establishing new businesses or expanding existing businesses in Koochiching County.

In addition to financing, the Koochiching County revolving loan fund program also provides technical assistance and support to businesses throughout the application process and beyond. This includes assistance with business planning, marketing, and financial management. The business must be located within Koochiching County to be eligible for this program. 

Whether you are starting a new business or expanding an existing one, this program can help you achieve your goals and contribute to the community's economic development.

koochco loan program page from their website as seen on a laptop

Minnesota DEED

The Minnesota Department of Employment and Economic Development (DEED) offers a range of financing options and resources to support businesses throughout the state. Their website provides information on various loan programs, grants, tax incentives, and other financing options available to Minnesota businesses.

DEED's financing programs are designed to help businesses start, expand, and relocate to Minnesota. These programs offer low-interest loans, gap financing, and other financial assistance to eligible businesses in various industries, including manufacturing, agriculture, technology, and more.

In addition to financing options, DEED offers technical assistance and other resources to help businesses succeed. Their team of experts guides business planning, marketing, workforce development, and other areas of business management. With DEED's support, businesses in Minnesota can access the resources they need to grow and thrive.

minnesota deed financing page from their website as seen on a laptop

Minnesota power business incentives

Minnesota Power offers a range of programs and incentives to help businesses save energy and reduce costs. The company's website provides information on programs and rebates, including incentives for energy-efficient equipment upgrades, new construction, and retrofits.

In addition to its Business Incentives program, Minnesota Power offers specialized assistance to help businesses with energy assessments, technical consultations, and custom solutions tailored to their needs. Their team of experts can help businesses identify opportunities for energy savings and provide guidance on implementing cost-effective solutions.

Minnesota Power is committed to helping businesses succeed and grow in Minnesota. The company provides valuable support to businesses of all sizes and industries through its various programs and incentives.

minnesota power business incentives page from their website as seen on a laptop
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