A goal of NCEDA is to create or retain permanent private sector full-time jobs in the Region. By providing capital for business development and expansion, NCEDA provides an option for commercial businesses unable to obtain adequate, affordable funding from the private capital marketplace.

By providing financial assistance in the Region, NCEDA provides entrepreneurship opportunities for small-business persons, increases manufacturing activity, supports innovative products and processes, and retains one job for every $10,000 of NCEDA funds lent.

Loan Options

Micro-Lending Fund

USDA-backed funding with business assistance for start-up/expansion in ten counties in central Minnesota-Cass, Crow Wing, Chicago, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Todd and Wadena.  Funding offered in partnership with East Central Regional Development Commission.  Funding in smaller amounts, no bank participation required. Loans from $1,000 to $50,000, 25% owner’s equity injection required; 1 job created/retained for each $10,000 lent.  Technical assistance included to streamline business practices.  USDA guidelines apply.


North Central Economic Development Association Revolving Loan Fund

The North Central Economic Development Association (NCEDA) is a local non-profit corporation established with federal and local dollars through the Region Five Development Commission.

A key piece in the economic development puzzle is business financing Minnesota business loan funds. North Central Economic Development Association (NCEDA) offers gap financing for fixed assets and working capital for new and expanding businesses in Cass, Crow Wing, Morrison, Todd, and Wadena Counties.

NCEDA Online RLF Application

  • Download and complete the fillable application and email to OR mail to Sandy Voigt, 200 1st Street NE, Suite 2, Staples MN 56479

Download the lending brochure

Technical Assistance

We want your business to succeed, which is why we offer technical assistance to our borrowers through a variety of options:


If you have questions email Sandy Voigt at or call 218-894-3233, ext.2.

The North Central Economic Development Association (NCEDA) is a 501c3 affiliate organization of the Region Five Development Commission (R5DC)and was established in 1986 by R5DC in part due to the receipt of a U.S. Department of Commerce, Economic Development Administration grant. View the Relationship Between Region Five and NCEDA