Local Revolving Loan Funds

KEDA manages two local small business revolving loan funds (RLF) to provide working capital and to help businesses purchase machinery and equipment for projects in Baraga, Houghton, and Keweenaw Counties. Loans can be from $5,000 to $100,000 and are based on the borrower’s ability to create new jobs for Keweenaw residents. Personal guarantees are required. Our RLF’s can partner with local banks, the MTEC Superior Edge Fund, and Northern Initiatives to provide appropriate financing.