Washburn’s Revolving Loan Fund was created to help business start-ups and expansions within the community of Washburn.
Funds are generally used to generate operating capital for a new business, buy down interest on loans for equipment, renovation of business and other projects.
There is some flexibility within this program and funds are distributed at the discretion of the WAEDA Board of Directors.
How to apply for a revolving loan
- Applications can be obtained from the WAEDA Director.
- Upon receipt of the completed application the WAEDA Director will then forward to designated representatives from the local banks, Farm Credit of Mandan, and Hetletved CPA for review.
- The WAEDA Director will relay the decision to the applicant after determination has been made by the representatives.