Loan Program

The Revolving Loan and Grant Program (RLGP) is aimed at improving the utility and appearance of Downtown businesses while encouraging the leveraging of private investment which would otherwise not occur.

  • The program provides up to $30,000 for a term of up to 10 years at two percent interest.
  • Revolving loan program participation requires a 100 percent match by an authorized participating financial institution.
  • The program also offers grants to those businesses financing at least $20,000, and completing exterior improvements.

 

If interested please contact city staff at info@bethelmn.govoffice2.com.