Whether you are a one-person shop or a large corporation, we take your business needs seriously and will do our best to help you start or grow your business in the Thief River area.
We will help you navigate the programs and streamline the process of getting your project off the ground.
Two Rivers Angel Network
Two Rivers Angel Network (TRAN) is comprised of a group of angel investors who are interested in investing in local business ventures. Network members recognize the importance of supporting entrepreneurs at every stage of growth, all the way from startup to successful business venture.
All types of industries are eligible to apply for funding, including retail, service, manufacturing and technology, and the Network can consider investments of any size. (Larger investments may be executed in partnership with other angel groups.)
Two Rivers Angel Network can finance projects through equity investments, debt, or convertible debt. For more information on the Network, visit their website or contact Advance Thief River Director, Michelle Landsverk, 218-280-1755, or drop her an email.
Community Development Finance Programs
Commercial Energy Renovation Loan
Commercial Energy Renovation Loan proceeds can be used for heating/cooling systems, windows and doors, insulation, roofing, and/or meeting ADA requirements. Loans are at a low interest rate of 2 percent, with maximum loan amount of $100,000.
Storefront Renovation Loan
The Storefront Renovation Loan program can be used for exterior remodeling, signage, awnings, and/or meeting ADA requirements. The maximum loan amount is $35,000 per project at an interest rate of 3 percent for a term not to exceed 60 months.
Revolving Loan Fund
The Revolving Loan Fund (RLF) program provides financing for a variety of projects with favorable terms. Loan proceeds may be used for site acquisition (including land and/or buildings), construction costs (new or rehab), and purchase of equipment or other fixed assets.
Childcare Finance Program
The Northwest Minnesota Foundation has created a Child Care Finance Program which is the result of a funding partnership with DEED. Quality child care is vitally important to everyone living in the northwest region: parents and caregivers who work or attend school, the child care sector itself, employers and of course, the children. The child care finance program was created to recognize and support the child care providers in northwest Minnesota. For more information, click here.
Minnesota Business Financing & Loan Programs
The Minnesota Department of Employment and Economic Development (Minnesota DEED) offers numerous financing programs designed to help companies in Greater Minnesota retain jobs or create new jobs:
- Angel Loan Fund
- Minnesota Investment Fund
- Minnesota Job Creation Fund
- Indian Business Loan Program
- Minnesota Job Skills Partnership
Workforce Training Grants & Programs
The Minnesota Jobs Skills Partnership works with businesses and schools to train or retrain workers, expand opportunities, and keep high-quality jobs in the region. Grants of up to $400,000 are awarded to educational institutions that partner with the region’s businesses to develop job training or retraining.
Advance Thief River
PO Box 773
Thief River Falls, MN 56701
We'd love to hear about your project or needs!