east-grand-forks-eda-meeting-minutes-july-23-2025_f97.pdf
$75K Loan Approved for Hometown Properties.
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Description
East Grand Forks EDA approves $75,000 gap loan for NP Hometown Properties to assist with the purchase of real estate, complementing an Alerus Bank loan of $127,500. The loan aims to retain two existing small businesses in the area.
Contract Details
Contract Amount
$75,000
Vendor
NP HOMETOWN PROPERTIES
Agency
Town of Grand Forks, MN
Contract Type
Loan
Document Date
July 23, 2025
Contract Term
5 years
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