Taconite Community Relief Loan Program for Silver Bay Businesses

The City Council of the City of Silver Bay, through its Economic Development Authority, and in cooperation with Iron Range Resources and Rehabilitation Board (IRRRB), has developed a low-interest (1%) loan fund, with potential for a portion of the loan to be forgiven, known as the COVID-19 Taconite Community Relief Loan Program. The principal objective of the program is to offer assistance with working capital, delayed business expansion, delayed capital asset investment, or other business needs that have been delayed due to the impacts of the pandemic. Priority will be given to small businesses. Program Guidelines and Application can be found by clicking the links below, by contacting City Hall at 218-226-4408, or by emailing lanaf@silverbay.com. Submit your application today before funds are gone!