Business Development

From Main Streets to industrial parks and commercial districts to neighborhoods, we leverage private investments that create and retain quality jobs, foster entrepreneurship, and help our communities compete in a global marketplace.

As your creative financing solution, we partner with banks and credit unions, economic development organizations, nonprofit lenders and private investors. We support the retention, expansion, transition, creation and attraction of businesses through our Business Finance Program and Microenterprise Loan Program. In addition, our microloan program provides customized technical assistance for the length of the loan to help clients improve their skills in financial management, operations, marketing and more.

Check out our programs to see how we can help with your project.

Microenterprise Loan Program supports entrepreneurs

The Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program helps entrepreneurs develop small businesses and self-employment ...

10 steps to starting your own business

Following your dream of owning your own business isn’t easy; it takes time, but it is worth the effort! These 10 steps will help you get ...

Service area for Microenterprise Loans

Southwest Initiative Foundation’s Microenterprise Loan Program serves the 18 counties of southwest Minnesota and the two Native Nations ...

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.

Ortonville Early Childhood Initiative

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. 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.

Murray County Early Childhood Initiative

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.

Pipestone Area Community Foundation

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.

Rock County Early Childhood Initiative

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 Development

Stay Connected with Us

Microenterprise Loan Program supports entrepreneurs

10 steps to starting your own business

Service area for Microenterprise Loans