Jackson County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Jackson County. We’ve awarded 416 grants totaling $1.9 million to support local nonprofits, schools and community projects. We’ve also made 35 loans totaling $2.3 million to finance local businesses. Mark Titus of Jackson serves on our board of directors. Chanthavy Singvongsa serves on our Emerging Leaders Cabinet.

McLeod County

Since 1986, Southwest Initiative Foundation has invested in the people and places of McLeod County. We’ve awarded 371 grants totaling $1.9 million to support local nonprofits, schools and community projects. We’ve also made 124 loans totaling $4.6 million to finance local businesses. Christie Hantge of Hutchinson serves on our board of directors. Don Martinez and Karlie Mosher, both of Hutchinson, serve on our Emerging Leaders Cabinet. Office headquarters are in Hutchinson.

Lac Qui Parle County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Lac qui Parle County. We’ve awarded 579 grants totaling $4 million to support local nonprofits, schools and community projects. We’ve also made 26 loans totaling $1.8 million to finance local businesses.

Meeker County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Meeker County. We’ve awarded 301 grants totaling $1.9 million to support local nonprofits, schools and community projects. We’ve also made 57 loans totaling $2.2 million to finance local businesses. Randy Reinke of Litchfield serves on our board of directors.

Swift County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Swift County. We’ve awarded 510 grants totaling $3.5 million to support local nonprofits, schools and community projects. We’ve also made 40 loans totaling $2.7 million to finance local businesses. Jan Lundebrek of Benson serves on our board of directors.

Big Stone County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Big Stone County. We’ve awarded 206 grants totaling $2 million to support local nonprofits, schools and community projects. We’ve also made 14 loans totaling $549,800 to finance local businesses.

Kandiyohi County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Kandiyohi County. We’ve awarded 418 grants totaling $3.7 million to support local nonprofits, schools and community projects. We’ve also made 117 loans totaling $5.4 million to finance local businesses. Our current board chair is Bob Thurston of Spicer. Patti Loehr-Dols of Willmar also serves on our board. Fardowsa Ibrahim of Willmar, Jonathan Morales of Spicer, Ayan Muktar of Willmar, Chasity Ommodt of Spicer and Robert Valdez of Willmar serve on our Emerging Leaders Cabinet. Jeff Vetsch of New London is on staff.

Chippewa County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Chippewa County. We’ve awarded 523 grants totaling $3.6 million to support local nonprofits, schools and community projects. We’ve also made 34 loans totaling $1.3 million to finance local businesses. Janice Nelson of Montevideo serves as vice chair on our board of directors. Scott Marquardt of Montevideo is on staff.

Renville County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Renville County. We’ve awarded 344 grants totaling $2.8 million to support local nonprofits, schools and community projects. We’ve also made 69 loans totaling $2.5 million to finance local businesses. Board chair Bob Thurston owns Thurston Genetics in Olivia. Rob Saunders of Bird Island serves as our past board chair. Susie Lang and Rob Thurston, both of Olivia, serve on our Emerging Leaders Cabinet.

Redwood County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Redwood County. We’ve awarded 332 grants totaling $2.5 million to support local nonprofits, schools and community projects. We’ve also made 84 loans totaling $3.5 million to finance local businesses. Sarah Warner of Walnut Grove serves on our Emerging Leaders Cabinet.

Yellow Medicine County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Yellow Medicine County. We’ve awarded 434 grants totaling $3.6 million to support local nonprofits, schools and community projects. We’ve also made 49 loans totaling $1.9 million to finance local businesses. Theresa Peterson of the Upper Sioux Community serves on our board of directors.

Lyon County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Lyon County. We’ve awarded 492 grants totaling $3.7 million to support local nonprofits, schools and community projects. We’ve also made 61 loans totaling $2.6 million to finance local businesses. Mary Maertens of Marshall serves on our board of directors. Jodi Maertens of Ghent is on staff.

Lincoln County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Lincoln County. We’ve awarded 301 grants totaling $2.1 million to support local nonprofits, schools and community projects. We’ve also made 39 loans totaling $1.1 million to finance local businesses.

Cottonwood County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Cottonwood County. We’ve awarded 396 grants totaling $2.1 million to support local nonprofits, schools and community projects. We’ve also made 44 loans totaling $2 million to finance local businesses.

Murray County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Murray County. We’ve awarded 230 grants totaling $1.6 million to support local nonprofits, schools and community projects. We’ve also made 15 loans totaling $822,350 to finance local businesses.

Pipestone County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Pipestone County. We’ve awarded 260 grants totaling $2.2 million to support local nonprofits, schools and community projects. We’ve also made 24 loans totaling $1.2 million to finance local businesses.

Rock County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Rock County. We’ve awarded 181 grants totaling $1.8 million to support local nonprofits, schools and community projects. We’ve also made 29 loans totaling $2.2 million to finance local businesses. Tim Connell of Luverne serves on our board of directors.

Nobles County

Since 1986, Southwest Initiative Foundation has invested in the people and places of Nobles County. We’ve awarded 480 grants totaling $2.2 million to support local nonprofits, schools and community projects. We’ve also made 75 loans totaling $4.1 million to finance local businesses. Jordan Huisken and Jessica Velasco, both of Worthington, serve on our Emerging Leaders Cabinet. Amy Woitalewicz of Worthington is on staff.

Business Finance Program

SWIF partnered with Prairieland EDC, Southwest Regional Development Commission and The First National Bank for a loan package to Midwest Fire in Luverne.

SWIF partnered with Prairieland EDC, Southwest Regional Development Commission and The First National Bank for a loan package to Midwest Fire in Luverne.

For-profit businesses operating within our 18-county service area may be eligible for the Business Finance Program. Eligible projects must create or retain jobs that provide a livable wage with benefits, generate new wealth for the region and diversify the economy of southwest Minnesota.

Applicants must have adequate cash flow to service debt, complement Southwest Initiative Foundation’s loan with lending from the private or public sector, and be committed to the 18-county region.

Business Finance loan funds may be used for machinery and equipment, inventory, working capital and real estate.

Loan Terms

  • Maximum loan amount is $200,000.
  • Loan amounts up to $400,000 for projects in the following asset sectors: renewable energy, food and agriculture, bioscience and manufacturing.
  • Interest rate determined using a risk-opportunity analysis, loan terms and current market rates.
  • Amortization of the loan is based on the life of the assets. Loan maturity will generally be five years but may have extended amortizations if the assets financed warrant. If amortized beyond five years, a balloon payment may be required.
  • Must have adequate collateral and may be subordinate only to the interest of the bank as the primary lender.
  • Recipients will be charged a one percent loan origination fee plus all costs associated with the loan.

How to Apply
Applicants should contact us early in the project development stage!

For more information, contact:

Amy Woitalewicz
Business Finance Director
800-594-9480 or 320-587-4848
loans@swifoundation.org

Applicants should complete a loan application.

@2017 Southwest Initiative Foundation, an equal opportunity provider and employer.

15 3rd Avenue NW
Hutchinson, MN 55350
(320) 587-4848 (Local)
(800) 594-9480 (Toll Free)
(320) 587-3838 (Fax)
info@swifoundation.org

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