Financing

Financial Information

Community Business Partnership Loan Program

This is a revolving loan fund that is made available to commercial businesses located in the City of Aitkin. Loans are granted at 0% interest for up to seven years. The maximum loan amount is $10,000. No owner match is required. A Promissory Note and Personal Guaranty are required as security for the loan.Financial and business documents on the table

Eligible improvements include exterior improvements, correction of code violations / code updates, roof repairs, building renovations and/or expansion, energy efficient upgrades, purchase of capital equipment. Funds must be spent utilizing local contractors (Aitkin County). An exception will be made for capital equipment purchases which will require the use of local contractors whenever possible.

Property Revitalization Program

This program will remove structures from the community that pose concerns to the residents or the community. Buildings of interest are those which, by reason of dilapidation, obsolescence, overcrowding, faulty arrangement or design, lack of ventilation, light, and sanitary facilities, excessive land coverage, deleterious land use, obsolete layout, or any combination of these or other factors, are detrimental to the safety, health, morals, or welfare of the community.

Storefront Renovation Revolving Loan Fund

This is a revolving loan fund that is made available to commercial businesses located in the City of Aitkin. Eligible projects include signage, facades, landscaping, awnings, energy efficient windows, and handicap accessibility. The maximum loan amount is 75% of the eligible project costs, up to $15,000. The interest rate is 3%. The maximum term is five years.

Financing Directory

Below is a list of recommended financial institutions to receive funding.

Bremer Bank

Bremer Bank

http://www.bremer.com

Offering financial solutions in banking, investments, trust and insurance, with special attention to convenience options.  Owned by our employees and the Otto Bremer Foundation.  Our vision at Bremer is to build healthy communities through partnerships.

 

Edward Jones, Aitkin

Edward Jones, Aitkin

https://www.edwardjones.com/financial-advisor/index.html?CIRN=j4FHUMriqhYP6PBQbrtKGGhfTpE7QVOXXR9o9gOmSjBHib4wfJgkH6mKqmLY%2BUo2

Contact Mark Baloun for all your financial needs. Making Sense of Investing.

Put the power of personal attention to work for you. We're different than other investment firms. As an Edward Jones client, you'll work with a dedicated financial advisor who takes the time to get to know you and understand what's important to you.

Members Cooperative Credit Union

Members Cooperative Credit Union

http://www.membersccu.org
MCCU is a premier Minnesota credit union serving the surrounding communities of Aitkin, McGregor, Cloquet, Duluth, Moose Lake, Sandstone, North Branch and Isanti. We are a proactive and innovative financial institution, committed to our community and environment. Wherever you find an MCCU location, you'll find friendly faces, great products and technology, and and organization that strives to be a healthy part of our communities.

 

Mid Minnesota Federal Credit Union

Mid Minnesota Federal Credit Union

http://www.mmfcu.org

Checking and Savings Products.

Commercial Lending.

Consumer  loan, home loans, online banking with remote deposit capture and much more.

 

Neighborhood National Bank

Neighborhood National Bank

http://neighborhood.bank

We are a local bank serving our community's financial needs with quality products and services, committed to exceed our customer's expectations with our friendly and professional staff.

Security State Bank

Security State Bank

http://www.ssbmn.com

We serve the communities of Aitkin, Garrison & Grand Marais in north central Minnesota. At Security State Bank we offer a wide range of financial products. You have the comfort and ease of banking whenever and wherever it is most convenient for you. With online banking and phone banking you can access your account information 24 hours a day, 365 days a year.

Security State Insurance Agency

Security State Insurance Agency

http://www.securitystateinsurance.com

Full service independent insurance agency serving this community since 1952 - offering all lines of insurance, including auto, home, life, health, business owners and resort insurance.

Thrivent Financial

Thrivent Financial

Financial and estate analysis; Retirement planning; Long-term care insurance; Blue Cross Blue Shield health insurance and Medicare supplements; and Minnesota funeral plan.

Triton Wealth

Triton Wealth

http://www.tritonwealth.com

Through thoughtful financial planning, we provide our clients independent investment and retirement advice alongside risk management, estate planning, and tax planning strategies. Triton Wealth does this with the highest levels of trust, integrity, and respect. Our team of experienced professionals collaborates with each other, as well as with specialists, such as CPAs and attorneys, to provide comprehensive and objective wealth management solutions.

Other Business Funding Resources Available in Aitkin County

http://www.co.aitkin.mn.us/Departments/Economic-Dev/Business-Funding-Aitkin-County.pdf

http://www.ci.aitkin.mn.us/vertical/Sites/%7B9F360B34-0F91-4BCE-A7F7-452366ADB164%7D/uploads/EDA_Brochure.pdf