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Board signals willingness to consider up to $50,000 seed capital loan pending final application
Summary
Cottonwood County received a preliminary Seed Capital Funds application and directed the applicant to submit a final application; the board indicated it would be willing to lend up to $50,000 if approved.
County Coordinator Kelly Thongvivong told the board she had received a preliminary application for Seed Capital Funds. After a short discussion the board directed staff to ask the applicant to submit a final application and indicated the county is willing to lend up to $50,000 if the application meets criteria.
The minutes do not include applicant name, project details, or funding terms; the board’s response at the meeting was a consensus to pursue a final application rather than an immediate award. Further review and formal action will be required to approve any loan.
