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Letters of Credit/Special Programs

April 1, 2023

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Letters of Credit

Does your business need letters of credit? We can help. Whether you are working with a local municipality or a critical vendor, we can provide various letters of credit to meet your needs.

Special Loan Programs / Alternative Sources

The Bank of Elk River's lenders have knowledge and can assist in identifying non-conventional loan programs offered through local city, state, industry, and non-profit sources. Preferential rates and terms may be available through a combination of bank and non-bank lending sources. Our staff is experienced in utilizing special loan programs to provide the best loan recommendations. These loan programs include:

  • City and County Incentive and loan programs
  • Minnesota Initiative Foundation
  • Minnesota Department of Trade and Economic Development Programs

To learn more about these options, contact an experienced commercial lender today or email our department at