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Financing
 The Greater Bemidji Area has a number of options for financing your business from traditional sources such as banks to non-profit organizations that provide gap financing. Some of the banks and funding agencies would include the following:
The Joint Economic Development Commission has provided over $2.5 million in gap financing loans to both existing and new businesses. The majority of those loans were made in partnership with area banks. The JEDC can provide financing for building construction, equipment and working capital. It also makes short term equity investments in companies in our service area.
Other organizations that provide gap financing would include…
Headwaters Regional Development Commission (HRDC) www.hrdc.org Contact Tiffany Fettig (fettigs@paulbunyan.net) or 218-333-6533, for more information on their loan programs.
Job Opportunity Building Zones (JOBZ) A new & exciting tool to stimulate business activity in greater Minnesota. Eligible businesses in a zone will operate in an environment nearly free of state & local taxes. These tax incentives will help new and expanding companies lower their overall costs and facilitate their growth. http://www.deed.state.mn.us/bizdev/jobz.htm
Northwest Minnesota Foundation (NWMF) www.nwmf.org Contact Dave West (dwest@nwmf.org) 218-759-2059, for more information on their loan programs.
Department of Employment and Economic Development (DEED) www.deed.state.mn.us Contact: Kari Howe (kari.howe@state.mn.us) or 218-755-4478 for more information on the DEED loan programs.
The banks in the Greater Bemidji Area provide traditional financing for businesses and would include the following:
First National Bank Bemidji
Wells Fargo
Security Bank USA
RiverWood Bank
Deerwood Bank
Citizen State Bank
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