Owner Loan Program

I talked about fundraising and owner loans way back in our February newsletter.  As we get closer to expansion, owners have been inquiring about our owner loan program.  We're still finalizing the details but hope to raise $600,000 in owner loans.  Owner loan brochures will be sent to all owners on June 1st.  To be eligible to lend money to the Co-op, you need to be a Minnesota resident and an owner of the Co-op.  Minimum loan amounts will most likely be $1000 and interest rates will range from 2-5% depending on the size of the loan and term length.  Term lengths will range from 5-9 years. Owner loans are a great way to support the Co-op expansion project.  Look for more information on lending money to your Co-op in June.