Industrial Revenue Bonds
Utilizes proceeds from city-issued revenue bonds to acquire and construct sites and facilities. Lease payments made by the business enterprise to city government are used to service the bonds.
Southern Minnesota Initiative Foundation
They work to build a prosperous region with vibrant communities, innovative businesses and a skilled and valued workforce.
SMIF Revolving Loan Fund
Grants, loans, technical expertise and partnerships are available to:
- MINORITY-OWNED BUSINESS
504 Corporation is a nonprofit organization certified by the U.S. Small Business Administration (SBA) to provide financial assistance to small businesses. As a SBA Certified Development Company, 504 Corporation works with SBA and lenders to deliver the 504 Loan Program to small businesses. Provides up to 40% of project financing at a competitive fixed interest rate and term through the U.S. Small Business Administration.
Minnesota Investment Fund
Provides grants to help add new workers and retain high quality jobs on a statewide basis. The focus is on industrial, manufacturing, and technology-related industries. Grants are awarded to local units of government who provide loans to assist expanding businesses.
US Bank Austin, MN Office
Community Bank of MN
Sterling State Bank
Home Federal Savings Bank
Accentra Credit Union
Wells Fargo Bank
First Farmers & Merchants Bank
Financing Government and Non-Profit
Development Corporation of Austin
1. Austin Revolving Loan Fund (USDA RBEG)
2. USDA Intermediary Relending Program (USDA IRP)