Minnesota Small Business Loan Guarantee Program

Summary of Program: This program provides a 80% loan guarantee for loans up to $250,000 made by a qualified economic development lender within this program. This program is intended to incent the private market to make loans to small businesses and provides the guarantee for those loan dollars. The state is providing a loan guarantee of $10 million which is likely to leverage between $20 and $25 million in lending by private banks.

Why this might make sense for you: Your lender will consider your situation and may require this guarantee in order to lend money to your business.

How to Apply: You will apply directly with a participating lender listed here.

Locations

White Bear Township
White Bear Lake
Vadnais Heights
Spring Lake Park
Shoreview
Saint Paul
Saint Anthony
Roseville
North St Paul
North Oaks
New Brighton
Mounds View
Maplewood
Little Canada
Lauderdale
Gem Lake
Falcon Heights
Blaine
Arden Hills