Whether your business is large or small, we leverage resources and connections to help you grow and improve.
Business Finance Program
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. Business Finance loans may be used for machinery and equipment, inventory, working capital and real estate. The maximum loan amount is typically $150,000.
For more information, contact:
Business Finance Director
800-594-9480 or 320-587-4848
How to Apply
Applicants should contact us early in the project development stage to discuss how we can be a partner.
Microenterprise Loan Program
Our microloans help entrepreneurs develop small businesses and self-employment opportunities. The microenterprise loan program provides customized support for entrepreneurs through ongoing technical assistance and training for the length of the loan. Eligible businesses may be start-ups or expansion projects. The maximum loan amount is $50,000.
Our Center of Rural Entrepreneurship website gives entrepreneurs the resources and tools they need to help their business succeed.
Kiva cares about your character, not your credit score.
Kiva.org is a nonprofit that enables passionate and determined entrepreneurs to access 0% interest small business loans. They establish their reputation and community of support by inviting lenders from their network to make a loan online. It’s a loan—so that means they repay all of their lenders.
This is called crowdfunding and it directly involve friends, family, community members and beyond. The idea is based on small loans making a big impact in the lives of business owners and the communities in which they live.
Southwest Initiative Foundation partnered with Kiva to provide their crowdfunding opportunity to southwest Minnesota.
It’s used with our microloan program when there’s a good fit with our client’s business.
Lenders (anyone) can log into the Kiva website at www.kiva.org and search for a business project and loan $25 at a time. Lenders can loan more if they like, but the idea is to promote the idea on social media sites which will provide an opportunity for others to get involved in the project.
Contact our loan team to learn more at 800-594-9480, 320-587-4848 or email the Kiva loan team.