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SBA Micro-Enterprise Loans
The Southwest Minnesota Foundation's Micro-Enterprise Loan Program was created to help entrepreneurs develop small businesses and self-employment opportunities through micro-loans and technical assistance. The Foundation offers loans of up to $35,000 to start-up or existing for-profit small businesses who do not have reasonable access to other funds. Minimum loan size may be as low as $500.
Foundation staff work with entrepreneurs to develop their business plan and provide on-going assistance and training. Women and minorities are encouraged to apply. The Micro-Enterprise Program was created with funding assistance from the U.S. Small Business Administration (SBA), and has received support from the Otto Bremer Foundation and United States Department of Agriculture.
In
Fiscal Year 2005, 20 SBA Micro-Enterprise loans were awarded, totaling
$196,850.
| Recipient / Type of Business |
City |
County |
Chanta and Michael Stewart, dba C-M & Co.
Expansion of video, uniform, and gift store
|
Mountain
Lake |
Cottonwood |
Lisa Johnson, dba Almost New Consignments
Start-up of a consignment store
|
Lakefield |
Jackson |
Mario Perez, dba Prestige Motors, LLC
Expansion of used-auto business, and the addition of auto detailing service
|
Willmar |
Kandiyohi |
Wade Anderson, dba Anderson Concrete Specialties (2 loans)
Start-up of a concrete construction business
|
Willmar |
Kandiyohi |
Donna Peterson, dba Agape Coffee House
Expansion of coffee shop with antiques |
New London |
Kandiyohi |
Steve Gardner, dba Steve's Vac Shack
Expansion of vacuum business |
Willmar |
Kandiyohi |
Paul Bruns, dba Precision Consulting Services
Start-up of agri-sales and service of GPS
equipment business, with crop consulting and insurance services |
Balaton |
Lyon |
Brandon Vik, dba Vik's Landscaping & Lawn Care
Expansion of landscaping business and trailer purchase |
Hutchinson |
McLeod
|
Tim Haas, dba Haas Consulting
Start-up of a computer web and graphic design business, with media services |
Hutchinson |
McLeod |
Candelaria Castaneda-Medina, dba Lupita's Market
Expansion of restaurant and grocery store, with the addition of a buffet |
Litchfield |
Meeker |
Jose Garcia, dba Joyeria y Tramataciones El Rubi
Start-up of a jewelry sales and repair service business |
Worthington |
Nobles |
Amy Bierl, dba ABC Gang Daycare
Updating of windows in home daycare business |
Sanborn |
Redwood |
Kim Walsh, dba Kid's Unlimited (2 loans)
Expansion of used children's and maternity clothing and toy store |
Redwood
Falls |
Redwood |
Cynthia Jensen, dba AC Western Tack Manufacturing
Purchase of western tack manufacturing company |
Vesta |
Redwood |
Neil Cole, dba CW Welding & Fabrication
Expansion of welding, fabrication, and manufacturing of trailer frames business |
Vesta |
Redwood |
Edi Weiss-Holzbauer, dba Integrated Healthcare
Start-up of a medical clinic with nurse-midwife services |
Bird Island |
Renville |
LuAnn Parker
Start-up of hair styling business |
Renville |
Renville |
Jeff Lenz, dba Jeff's Repair
Start-up of a small engine repair shop |
Olivia |
Renville |
| 20
SBA Micro Enterprise Loans in 2005 Totaling $196,850 |
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