Business Financing

North Central Economic Development Association Revolving Loan Fund
The North Central Economic Development Association (NCEDA) is a local non-profit corporation established with federal and local dollars through the Region Five Development Commission.

A key piece in the economic development puzzle is business financing. North Central Economic Development Association (NCEDA) offers gap financing for fixed assets and working capital for new and expanding businesses in Cass, Crow Wing, Morrison, Todd, and Wadena Counties.

A goal of NCEDA is to create or retain permanent private sector full-time jobs in the Region. By providing capital for business development and expansion, NCEDA provides an option for commercial businesses unable to obtain adequate, affordable funding from the private capital marketplace.

By providing financial assistance in the Region, NCEDA provides entrepreneurship opportunities for small-business persons, increases manufacturing activity, supports innovative products and processes, and retains one job for every $10,000 of NCEDA funds lent.

NCEDA On-Line Loan Application

Loan Modification Servicing Request

If you have questions email Joe Schulte at jschulte@regionfive.org or call 218-894-3233, ext.2.