Mounds View: Commercial 0% Clean Water Partnership

The City of Mounds View is making financing available for commercial property owners. The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

Loan Terms

  • Loan amounts from $5,000 - $50,000.

  • 0% fixed interest rate.

  • The business must show positive cash flow.

  • For loans less than or equal to $10,000, terms up to 5 years.

  • ​For loans greater than $10,000, terms up to 10 years.

  • This loan is secured by a mortgage on the property.

  • Closing costs apply.

  • ​​​All borrowers must be a legal resident of the United States, as evidenced by a social security number, or a registered business with the Minnesota Secretary of State. 

Property Eligibility

  • Commercial properties located in the city of Mounds View.

  • Mixed use properties are eligible.

  • ​Multi-family (5+ units) properties are eligible. 

Types of Improvements

  • Eligible projects include but are not limited to: sewer line excavation and replacement, lining or re-lining sewer lines, water softener replacement, cleaning ponds due to city assessment and installing rain gardens.

  • 1 bid is required from a qualified, licensed contractor. 

  • For do-it-yourself projects, a materials list including prices is required. The cost for labor and equipment purchase or rental may not be included in the loan. 

  • Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received. 
     

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).