Microenterprise Loans
Do you have a dream of starting your own business in southwest Minnesota? Or maybe you’re looking to expand an existing one? Our microloan program can help!
We provide business loans and technical assistance to entrepreneurs like you, so you can turn your vision into reality. Whether you need equipment, inventory, working capital or real estate, we have flexible funding to fit your needs. Entrepreneurs in our 18-county region.
Microloan Terms
- Maximum loan amount is $50,000.
- All loans are collateralized with business or personal assets.
- Borrowers will be responsible for all loan fees.
Technical Assistance
You’ll get customized support for the life of your loan, which can include:
- Accounting software training
- Business operations and marketing training
- Understanding and working through government regulations
For More Information
Claire Meyers, Entrepreneurship Program Manager
Call: 320-583-3881
Our microloan program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture.