EDA Grants & Loans

Programs to Help You Meet Your Needs


Whether you are an emerging business looking for help getting started or a larger entity looking for gap financing, the City of Northfield's programs can help meet your needs.
If you have any questions about the grant and loan program, please contact our staff, and we will be happy to walk you through the options and connect you with many other financing opportunities.

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Photo Courtesy of Northfield News

Clem Shearer Micro-Grant Program


The Micro-grant Program is part of the EDA’s progressive business support program. It is designed to strengthen emerging businesses and position them for future growth by helping them take a significant step in developing their technical, management, or marketing capabilities. The maximum micro-grant award is $5,000.

Micro-grant funds can be used for a wide variety of purposes including, but not limited to:
  • Leasehold improvements
  • Gap financing
  • Working capital
Download Clem Shearer Micro-grant Application

Downtown Revolving Loan Fund Program


The City of Northfield’s Downtown Revolving Loan Fund (DRL) provides low interest loans to downtown businesses and/or their tenants to assist with the completion of exterior and interior improvements to the building. Loan awards are up to $25,000, payable over a span of up to 60 months.

Download Downtown Revolving Loan Fund Application

City-Wide Revolving Loan Fund Program


The City of Northfield’s City-Wide Revolving Loan Fund (RLF) Program provides low interest loans for businesses either located in, or relocating to, the City of Northfield. The purpose of this fund is to:
  • Provide gap financing to supplement conventional bank loans for new and existing business expansion
  • Retain and/or create jobs
  • Expand the local tax base
  • Encourage new business investment in the community
Download City-Wide Revolving Loan Fund Application