Letters of Credit/Special Programs


Letters of Credit

The Bank of Elk River can provide standby letters of credit for your business needs. Whether you are working with a local municipality or a critical vendor, we can help with the specific Letter of Credit documents often necessary.

Special Loan Programs / Alternative Sources

The Bank of Elk River lenders can also assist in identifying non-conventional loan programs offered through local city and state 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 Loans@TheBankofElkRiver.com.