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River Bluff Technologies gets loan from SMIF

Red Wing-based River Bluff Technologies received a business loan from the Southern Minnesota Initiative Foundation, SMIF announced last week.

River Bluff Technologies, which was founded by Bob Schmaltz in 2009, provides cloud-based technology solutions for independent insurance agencies, wholesalers, agents and the insurance carriers that utilize independent agents.

With the new funding, Schmaltz said his company will expand services to more independent insurance agents.

"We're pleased to help Bob grow this business through our business loan program," notes Tim Penny, SMIF President/CEO. "Our Foundation remains committed to providing resources to grow local businesses."

The Red Wing Port Authority is partnering on the loan through its Business Development Loan Fund.