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State and Federal Financing

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Job Creation Fund (JCF)

About JCF  Job Creation Fund (JCF) program provides job creation awards of up to $500,000 and capital investment rebates of up to $500,000 for qualifying businesses. Eligibility Eligible businesses will apply through a local government where their new or expanding business will be located and must be primaril... Learn More

Minnesota Investment Fund

Minnesota Department of Employment and Economic Development About MIF The Minnesota Investment Fund (MIF) was created to facilitate the creation & retention of high quality jobs on a statewide basis, increase both the local & state tax base, and to improve the economic vitality of the state... Learn More

Minnesota Job Skills Partnership Program (MJSP)

Through our Minnesota Jobs Skills Partnership program we work strategically with businesses and educational institutions to train or retrain workers, expand work opportunities, and keep high-quality jobs in the state. Our training grants are used to offset training-related expenses incurred by business, industry and educational institution... Learn More

Rural Electric Economic Development, Inc.

The REED Fund provides financing and helps leverage investment in small communities and rural areas, targeting projects that will promote growth and contribute to job creation, wealth creation and improvements in the infrastructure and economic base. The REED Fund provides needed development capital at reasonabl... Learn More

SBA 504 Loan Program

Minnesota Business Finance Corporation The Minnesota Business Finance Corporation (MBFC) is a nonprofit corporation set up to contribute to the economic development of the central Minnesota region. As a 504 Certified Development Company (CDC), the MBFC works with the Small Business Administration and private sector lender... Learn More

SBA 7(a) Loan Guaranty Program

About SBA 7(a) The 7(a) Loan Guaranty Program is one of SBA’s primary lending programs. It provides loans to small businesses that are unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders, which provide loans that are, i... Learn More

SBA Express Loan Program

About SBA Express Loans The SBA Express loan program is a simplified loan guarantee program that is essentially the same as its 7(a) loan program. The Express program is typically much faster and easier than the 7(a), however loan amounts cannot exceed $350,000. The SBA guarantee... Learn More

Small Business Development Loan Program

About Small Business Development Loans The Minnesota Agricultural and Economic Development Board (MAEDB) administers this loan program in order to promote the creation of jobs and assist business expansions in the state. The MAEDB issues industrial development bonds backed by a state-funded reserve of 25% an... Learn More

SWIF Business Finance Micro-Enterprise Program

About the Micro-Enterprise Program The Micro-Enterprise Program of SWIF was created to help entrepreneurs develop small business and self-employment opportunities through micro-loans and technical assistance. Loans of $500 to $35,000 are available for start-up or existing for-profit small businesses that do not have reasonable access t... Learn More

SWIF Renewable Energy Loan Program

About the Renewable Energy Loan Program The purpose of the Renewable Energy Loan Program is to assist businesses engaged in renewable energy activities, whether directly or indirectly, that help build the renewable energy industry in the 18 counties of southwest Minnesota. One of the key economi... Learn More

SWIF Revolving Loan Fund

About the Revolving Loan Fund SWIF’s Revolving Loan Fund is designed to support small business growth throughout the 18-county southwest Minnesota region. Businesses that create and retain quality employment by generating new wealth and diversifying the regional economy are eligible. Eligibility Eligible businesses may be either start-ups o... Learn More

SWIF Small Communities Loan Program

About the Small Communities Loan Program The Small Communities Loan Program offers loans in communities with populations of less than 1,500 for community-based projects that support and enhance the vitality of the community. Eligibility Community and business projects may be eligible, and include, but are not limited to: Smal... Learn More

Swift County Revolving Loan Funds (RLF)

 The Swift County and Swift County RDA Revolving Loan Funds are designed to provide gap financing for businesses and industry starting up or expanding within Swift County. The Swift County RLF is used typically for loan requests over $25,000 and the Swift County RDA RL... Learn More

Tax Abatement

About Tax Abatement  With Tax Abatement, the County rebates its portion of property taxes back to the property owner who then uses it to help offset development and/or redevelopment costs. The availability of tax abatement is limited – in any given year, for all economic developmen... Learn More

Tax Increment Financing (TIF)

About TIF   The Swift County Rural Development Authority is willing to consider the employment of Tax Increment Financing (TIF) for eligible projects. In a nutshell, the difference between a property’s original property taxes and the property taxes due on a property after it has bee... Learn More

USDA Intermediary Re-lending Program (IRP)

Prairieland Economic Development Corporation The Southwest Initiative Foundation (SWIF) is a regional organization funded by the McKnight Foundation for the purpose of promoting community and economic development over the 18 county area of southwestern Minnesota. About IRP The IRP (Intermediary Re-lending Program) is a loan to Prairieland ED... Learn More

Western Minnesota Revolving Loan Fund

About Western Minnesota Revolving Loan Fund The WesMN RLF, a nonprofit 501 (c)(3) corporation, was established in 1988 as a gap financing lender for new or expanding businesses in Region 6W. The loan fund was capitalized by grants from the U.S. Department of Commerce Economic Developmen... Learn More

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2nd Best State for Millennials

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1st in Quality of Life

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Swift County Rural Development Authority
301 14th Street North PO Box 207
Benson, MN  56215
Phone (320) 842-4769
(320) 843-4850

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