Rice Revolving Loan Fund
Eligible applicants are new or businesses located anywhere in Rice. Applicants must be in compliance with local government zoning codes as well as all other local, state, and federal laws applicable to them. The Rice Loan may provide up to 45% of the total project cost and not to exceed $100,000. Loans in excess of $25,000 need to comply with the State of Minnesota’s Guidelines for job creation. Borrowers can use the funds for fixed assets purchases or working capital.