Consolidated Cooperative can help you obtain low-interest business development loans to help your company and our community grow! We can provide loans up to $99,000 for projects that are based on retaining or creating new jobs in our communities.
Download our Revolving Loan Fund Brochure.
Businesses Eligible for Funding
- Corporations
- Partnerships
- Sole Proprietorships
- Cooperatives
- Governmental entities (townships, municipalities, county, regional)
- Non-profit entities
- Tribunal authorities
Projects Eligible for Funding
- Industrial/commercial development
- Small business expansion
- Small business startup
- Business incubators
- Community infrastructure
- Community facilities
- Medical facilities
- Training/educational facilities
- Tourism
Types of Financing Available
The revolving loan fund can provide gap funding for up to 30% of the total amount of money needed for a project.
Financing is available for fixed assets, including land, buildings, manufacturing equipment, office equipment, or infrastructure improvements. Working capital financing is also available in limited amounts in conjunction with other fixed asset financing.
Repayment terms are based upon the type of financing obtained and can range from one to three years for working capital, and up to 10 years for building or real estate financing.
Loan Application Process
Consolidated Cooperative will accept and consider applications for loans from the revolving loan fund for projects that will significantly benefit rural areas, without restriction to Consolidated Cooperative’s service area or obtaining service from the cooperative.
1. Pre-application
After contacting one of Consolidated’s business development specialists for details, you will be asked to complete a pre-application, which initiates the screening process to ensure your project complies with the program’s guidelines.
2. Full application
Upon review of the pre-application, you will be asked to submit a full application for your project. Your application will be reviewed for general eligibility criteria and evaluated on the potential development impacts of the project.
To get started, contact one of our Economic Development team members:
Dan Boysel
419-949-2913
Brad Ebersole
419-949-2914
