Northland Foundation
John EldenSellwood Building
202 W Superior St Suite 610
Duluth, MN 55802
Toll Free: 1-800-433-4045
Phone: 1-218-723-4040
Website
Royalty Fund
Type of Assistance: LoansIndustry: Other
Maximum Amount Available: $100,000
Qualifier or Eligibility
- Create employment opportunities or save jobs
- fixed assets, working capital, refinancing
- Must demonstrate long term financial potential
- and ability to repay loan
- Repayment-low interest note payments or
- royalties tied to profits annually
- Maximum $100,000
- Term: negotiable-maybe deferred up to 2 years
- Interest rate: below market, as low as 3%
