Fergus Falls, Minn., a rural community hoping to expand its economy, has enlisted five banks to support its ambitions.

The banks, and other institutions, have set up a fund for commercial and industrial borrowers, mostly small manufacturers, which would not otherwise qualify for a small-business loan - or even a federal guarantee.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.