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Loans Awarded | SBA
Micro-Enterprise Loans | How
to Apply for a Loan | Micro-Enterprise
Technical Assistance Grants | How
to Apply for a Micro-Enterprise Loan
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).
In 2003,
18 SBA Micro-Enterprise loans were awarded, totaling $195,150.
| Recipient / Type of Business |
City |
County |
Craig &
Sandy Johnson, dba Don's Bakery
Purchase of a bakery
business, equipment & working capital |
Hendricks |
Lincoln |
Jeanne
Curielli, dba Cloud 9 Therapeutic Massage
Start therapeutic
massage business |
Marshall |
Lyon |
Kris Jacobson,
dba Kris' Repair
Start auto repair
business |
Clarkfield |
Yellow Medicine |
William
Strickland IV, dba The Holly and The Ivy
Start floral and
gift shop |
Buffalo Lake |
Renville |
Sandy Van
Hunnik Daycare
Start group home
daycare |
Montevideo |
Chippewa |
Paula Jensen,
dba Jensen Upholstery
Start upholstery
repair business |
Hutchinson |
McLeod |
| G&G
Statistical Consulting & Market Research Services, Inc.,
dba Cup 'a Joe
Start drive-through
coffee shop |
Montevideo |
Chippewa |
Sheila
and John Kelley, dba Carpet Center+
Purchase carpet,
flooring and home decor business |
Mountain Lake |
Cottonwood |
The Mana
Corporation, dba Mana Latin Food
Start Mexican/Honduran
fast food restaurant |
Willmar |
Kandiyohi |
Henry's
LLC, dba Henry's Family Restaurant
Start family style
restaurant |
Willmar |
Kandiyohi |
James &
Peggy Monk, dba Peggy Ann's Archery & Recreation
Start indoor archery
range, recreation center, snack bar |
Pipestone |
Pipestone |
Jenna Puetz,
dba Complete Natural Health Center
Start natural health
foods and supplements business |
Marshall |
Lyon |
Ross Horstmann,
dba Rock Hard Concrete & Masonry
Start concrete/masonry
business |
Silver Lake |
McLeod |
Candelaria
Castaneda, dba Lupita's Market & Restaurante
Expand business
to include Mexican Restaurant |
Litchfield |
Meeker |
Mario Abraira,
dba Renville Locker
Expand business
with more inventory/working capital |
Renville |
Renville |
Mary Suelflow,
dba Bound to Read (Step Loan 1)
Start up bookstore
business |
Marshall |
Lyon |
Mary Suelflow,
dba Bound to Read (Step Loan 2)
Start up bookstore
business |
Marshall |
Lyon |
Wendi L.
Raiford, dba Inspirational Designs Custom Banners
Start up custom-made
church banner and wall painting mural business |
Wood Lake |
Yellow Medicine |
18
SBA Micro Enterprise Loans in 2003 Totaling $195,150
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