26 May Mankato Recovery Loan Program Open for Application

The City of Mankato has created a recovery loan program to assist small businesses in Mankato. Businesses with 50 or fewer employees may apply for a deferred loan of up to $25,000 through this program for property and business improvements to help reopen and operate safely following Centers for Disease Control and Prevention, the Departamento de Empleo y Desarrollo Económico de Minnesota y Minnesota Department of Health guidelines.Recovery loans are repaid over five years and have: