June 2, 2024
Loans

Detroit Lakes Development Authority business loans to offer market rate interest – Detroit Lakes Tribune

DETROIT LAKES — The Detroit Lakes Development Authority agreed to change the interest rate on business loans they offer from 4% to the market rate of what primary lenders offer. During the Development Authorities’ monthly meeting on Tuesday, May 7, Community Development Development Director Larry Remmen said the current market rate is 6.75%. He explained

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