The Southwest Minnesota Foundation's Loan Programs are about creating a vibrant economy, providing quality employment opportunities, nurturing the entrepreneurial spirit, and improving the quality of life in southwest Minnesota.  They are one of the many ways the Foundation accomplishes its mission of facilitating opportunities for economic, social and cultural growth. 

In 2003, the Foundation awarded a total of 43 loans to businesses located in 14 of the 18 southwest Minnesota counties.  The Foundation assisted a wide variety of businesses ranging from small, hometown grocery stores, to recreation & tourism-type businesses, to manufacturing and service industries.   These loans helped create or sustain nearly 360 jobs.

The Foundation's loan programs not only help achieve our priority of promoting business and economic development, but they also help accomplish our goals of creating inclusive communities (three loans were awarded to minority borrowers and 11 to female borrowers), connecting youth and communities (Sandy Van Hunnik's Daycare and the Mesabi Academy) and promoting productive aging (Prairie House Supportive Living Residence).

It's all about the people! 

Loans Awarded in 2003

• Loans
• SBA Micro-Enterprise Loans
• Micro-Enterprise Technical Assistance Grants

How to Apply for a Loan
How to Apply for a Micro-Enterprise Loan