East Grand Forks EDA introduces new microlending program for businesses

East Grand Forks EDA introduces new microlending program for businesses

EAST GRAND FORKS — A new lending program through the East Grand Forks Economic Development Authority will provide an opportunity for local businesses to receive funding for projects without needing to take out expensive loans to do so. The EDA announced the program last week, after it was previously given approval by the City Council during its Nov. 18 meeting. Through the program, businesses and startups in the East Grand Forks community can ap…