COVID-19 Micro Loan Fund (link to policy & application) This program was approved by the Kanabec County EDA on 4/28/2020 with EDA funds. This program is a 0% interest short-term (24 months) micro loan (up to $2,000) for commercial businesses affected by Governor Walz's Executive Orders 20-04 and 20-08. Loans applications will be considered on a first-come first-served basis. As of 8/12/2020, the EDA has received zero applications for this program.
City of Mora EDA COVID-19 Emergency Assistance Fund (link to City of Mora site) This is a temporary program to provide emergency assistance to commercial businesses affected by COVID-19. The COVID-19 Emergency Assistance Fund (EAF) will provide up to $80,000 in loans and $10,000 in grants to businesses located in city limits. The maximum loan amount per business is $4,000 at 0% interest for 24 months. Grants will be awarded at $500 per business. Businesses are eligible to apply for a loan or grant, but not both. Loans and grants will be reviewed and awarded on a first-come first-served basis and must be complete to be considered. Please email Beth Thorp or call 320-515-2085 at the City of Mora for more information about this fund.
Unemployment Insurance (UI) Program (link to UI site)
DEED's Small Business Loan Guarantee Program (link to DEED site)
Dept. of Revenue's Sales & Use Tax COVID-19 Penalty Relief (link to Dept. of Revenue site)
SBA's Paycheck Protection Program (PPP) (link to SBA site)
SBA's Economic Injury Disaster Loan (EIDL) (link to SBA site) Kanabec County small business must apply for EIDL loans directly on the SBA site. Agriculture businesses are eligible.
EDA Hours: Monday-Friday, 8:00am to 4:30pm
EDA Staff: Heidi Steinmetz
Office Phone: 320-209-5031
Mobile Phone: 320-515-1674
Kanabec County Courthouse
18 North Vine Street, #101
Mora, MN 55051
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