Agralite Electric Loans

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Category:  Agralite, Business, Cooperatives

REED member Agralite Electric Cooperative, is proud to be a part of the financing package to construct a new home for Do Mats Family Food. The grocery store has been a family business in Benson, Minnesota, population 3,240, for nearly 45 years. Do Mats’ CEO is Matthew Mattheisen, son o...

West-Con Expansion Builds Capacity, Resiliency

Category:  Agriculture, Agralite, Featured

It’s estimated that independent businesses return an average of three times more money to their communities than their competitor chains. The REED Fund has long been investing in local companies to help build businesses —and ultimately more resilient local economies. Some of REED’s loans support projects that add value to loca...

Alliance Midstream

Category:  Agralite, Business, Cooperatives

Alliance Midstream receives loan through Agralite Electric Cooperative BENSON, Minn. — A critical, longtime propane delivery terminal at Benson will continue to operate thanks to a loan secured through Agralite Electric Cooperative. Alliance Midstream LLC, which was developed to keep the terminal operational, has received a $500,000 loan through Agralite Electri...

Northern Geo, LLC

Category:  Agralite, Business, Cooperatives

Northern Geo was awarded financing when Agralite Electric issued a Rural Electric Economic Development, or REED, loan to Northern Geo for expansion of their heatpump manufacturing plant located in Appleton, MN.  Working closely with local banks, other loan funds, state and federal agencies to finance community and economic development projects, Agralit...

Western Consolidated Cooperative (West-Con)

Category:  Agralite, Agriculture, Cooperatives

Western Consolidated Cooperative (West-Con) of Appleton, MN was the recipient of a loan to expand its grain storage facility courtesy of an Agralite Electric Cooperative REED Fund loan. West-Con’s expansion is phase 2 of a multi-year project that added over 2.75 million bushels of storage and expanded its rail loadin...