Leech Lake Financial Services setup the Small Business Emergency Loan Program to relieve the financial stress Leech Lake area business are facing due to COVID-19. This is an interest-free loan program that ranges from $2,500 to $35,000 and will be based on the firm’s economic injury and the financial need. SBEL loans are paid back monthly over five (5) years and the first payment will be deferred six (6) months. Partial forgiveness may be available. For more information, visit https://mn.gov/deed/business/financing-business/deed-programs/peacetime/.
Leech Lake area businesses including those in the cities of Cass Lake, Bemidji, Blackduck, Walker, Deer River and Grand Rapids should apply directly through Leech Lake Financial Services by contacting Rob Aitken by phone at 218-766-1178 or by email at [email protected].