The Murray County Economic Development Revolving Loan Fund (EDRLF) is administered by the Murray County EDA. Its purpose is to provide a portion of the funds necessary to finance projects that will result in economic development by creating or retaining job opportunities, expanding the tax base, promoting entrepreneurship or providing necessary services that will foster additional economic development.

The EDRLF is not intended to be a substitute for conventional business financing or to be used in place of other specialized federal, state or local programs. The majority of the financing will generally come from conventional sources (i.e. banks),  while the EDRLF will be used to “fill the gap” that may exist between what the project will cost and what the bank is able to loan.  This is often called “gap” or “subordinate financing”.

Complete loan packets for Murray County’s EDRLF may be obtained by contacting:

Economic Development Director
Office of Economic Development
PO Box 57
Slayton, MN 56172-0057
Office Phone: 507-836-6023
Fax: 507-836-6155