City of Brooklyn Park issued the following announcement on March 23.
The Microbusiness Loan is a new Brooklyn Park Development Corporation (BPDC) program designed to provide resources to budding businesses.
Eligible businesses can receive loans from $1,000 to $10,000 with a 2% interest rate and the maximum term is 5 years with no prepayment penalty.
This program can help businesses fund critical projects and build business credit and payment history which is critical when seeking larger investments in the future.
For information, please contact MBLoans@brooklynpark.org,
Or, learn more about Microbusiness Loans on the city website:
Original source can be found here.
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