Other Resource Providers

Economic Development Organizations

African Development Center

1931 South 5th Street
Minneapolis, MN 55454
877.232.4775

518 Litchfeld Ave SW
Willmar, MN 56201
320.262.8545

101 7th Avenue S. Suite 201
St. Cloud, MN 56301
320.204.5310

adcminnesota.org

The Microloan, Small Business Loan, and Sharia Compliant/Asset Based Financing Programs provide up to $250,000 in financing for leasehold improvements, inventory, supplies, working capital, machinery, and equipment.

Service Area
Minnesota

Alexandria Area Economic Development Commission

324 Broadway Street, Suite 101
Alexandria, MN  56308
320.763.4545
livingalexarea.org

The Alexandria Area Economic Development Commission Revolving Loan Funds, Micro Loan Fund, and City of Alexandria Revolving Loan Funds provide up to $200,000 in financing for commercial real estate, equipment, leasehold improvements, working capital, and inventory.

Service Area
Douglas County, MN

Brainerd Lakes Area Economic Development Corporation

224 W Washington St
Brainerd, MN 56401
218.828.0096
growbrainerdlakes.org

The BLAEDC Unified Fund provides commercial loans between $25,000 and $500,000 for capital asset and working capital needs.

Service Area
Crow Wing County, MN

East Central Regional Development Commission

100 Park St. S.
Mora, MN 55051
320.679.4065
ecrdc.org

The Revolving Loan Fund provides gap financing for fixed assets.

Service Area
Chisago County, MN
Isanti County, MN
Kanabec County, MN
Mille Lacs County, MN
Pine County, MN

Entrepreneur Fund

202 W. Superior Street, Suite 311
Duluth, MN 55802
218.623.5747

551 Hat Trick Avenue
Eveleth, MN 55734
218.749.4191

5335 W. Hwy. 61
Grand Marais, MN 55612
218.370.9757

12 NW 3rd Street
Grand Rapids, MN 55744
218.322.6151

3709 1st Ave.
Hibbing, MN 55746
218.623.5747

309 1st St NE, Suite 103
Little Falls, MN 56345
218.735.6033

entrepreneurfund.org

The Entrepreneur Fund provides up to $750,000 in financing for acquisition, expansion, and working capital.

Service Area
Aitkin County, MN
Benton County, MN
Carlton County, MN
Cass County, MN
Cook County, MN
Crow Wing County, MN
Itasca County, MN
Kanabec County, MN
Koochiching County, MN
Lake County, MN
Mille Lacs County, MN
Morrison County, MN
Pine County, MN
St. Louis County, MN
Stearns County, MN
Todd County, MN
Douglas County, WI

Latino Economic Development Center

804 Margaret Street
Saint Paul, MN 55106
612.724.5332
ledcmn.org

The Latino Economic Development Center Loan Program provides financing for inventory, equipment, commercial real estate, leasehold improvements, working capital, and business purchases.

Service Area
Minnesota

Meda

1256 Penn Ave. N, Suite 4800
Minneapolis, MN 55411
612.332.6332
meda.net

Meda loans provide financing for working capital, lines of credit, business equipment, build out, business acquisition, and project financing for entrepreneurs of color.

Service Area
Minnesota

Metropolitan Consortium of Community Developers

3137 Chicago Avenue
Minneapolis, MN 55407
612.789.7337
mccdmn.org

The Open to Business Loan Program provides financing for inventory, working capital, asset and equipment, real estate, and start up costs.

Service Area
Anoka County, MN
Carver County, MN
Dakota County, MN
Hennepin County, MN
Ramsey County, MN
Washington County, MN

Regional Business Fund, Inc.

800 Wisconsin Street, Mail Box 9
Building D2, Suite 401
Eau Claire, WI 54703
715.836.2918

The Revolving Loan Fund, Micro Loan Fund, Growth Loan Fund, Façade Loan Fund, Technology Enterprise Fund, and Economic Development Administration Revolving Loan Fund provide up to $250,000 in financing.

Service Area
Barron County, WI
Chippewa County, WI
Clark County, WI
Dunn County, WI
Eau Claire County, WI
Polk County, WI
St. Croix County, WI

Rochester Area Economic Development, Inc. (RAEDI)

220 S. Broadway Suite 100
Rochester, MN 55904
507.288.0208
raedi.com

The Rochester Economic Development Fund provides up to $250,000 in financing.

Service Area
Dodge County, MN
Fillmore County, MN
Olmsted County, MN
Wabasha County, MN

Wright County Economic Development Partnership

6800 Electric Drive
PO Box 525
Rockford, MN 55373
763.477.3035
wrightpartnership.org

Wright County Enterprise Loan Fund provides commercial and industrial loans between $5,000 and $50,000.

Service Area
Wright County

Initiative Foundations

Initiative Foundation

405 1st St SE
Little Falls, MN 56345
877.632.9255
ifound.org

The Business Loan Fund and Lender Match Loan Fund provide up to $500,000 in financing.

Service Area
Cass County, MN
Wadena County, MN
Crow Wing County, MN
Todd County, MN
Morrison County, MN
Mille Lacs County, MN
Kanabec County, MN
Pine County, MN
Stearns County, MN
Benton County, MN
Sherburne County, MN
Isanti County, MN
Chisago County, MN
Wright County, MN
Leech Lake Band of Ojibwe
Mille Lacs Band of Ojibwe

Northland Foundation

202 W Superior Street, Suite 610
Duluth, MN 55802
800.433.4045
northlandfdn.org

The SBA, Business, Emerging Entrepreneur, and Quick Turn Loan programs provide up to $500,000 in financing for a variety of business needs.

Service Area
Aitkin County, MN
Carlton County, MN
Cook County, MN
Itasca County, MN
Koochiching County, MN
Lake County, MN
St. Louis County, MN
Bois Forte Band of Chippewa
Fond du Lac Band of Lake Superior Chippewa
Grand Portage Band of Lake Superior Chippewa
Leech Lake Band of Ojibwe
Mille Lacs Band of Ojibwe

Northwest Minnesota Foundation

201 3rd Street NW
Bemidji, MN 56601
800.659.7859
nwmf.org

The Entrepreneur Development Program provides commercial loans for equipment, inventory, and working capital up to $35,000.

Service Area
Beltrami County, MN
Clearwater County, MN
Hubbard County, MN
Kittson County, MN
Lake of the Woods County, MN
Mahnomen County, MN
Marshall County, MN
Norman County, MN
Pennington County, MN
Polk County, MN
Red Lake County, MN
Roseau County, MN

Southern Minnesota Initiative Foundation

525 Florence Ave
PO Box 695 Owatonna, MN 55060
507.455.3215
smifoundation.org

The Business, Building Blocks, Grow a Farmer, and Small Enterprise Loan Programs provide up to $200,000 in financing.

The Seed and Southern Minnesota Equity Funds provide up to $100,000 in equity for innovative businesses.

Service Area
Blue Earth County, MN
Brown County, MN
Dodge County, MN
Faribault County, MN
Fillmore County, MN
Freeborn County, MN
Goodhue County, MN
Houston County, MN
Le Sueur County, MN
Martin County, MN
Mower County, MN
Nicollet County, MN
Olmsted County, MN
Rice County, MN
Sibley County, MN
Steele County, MN
Wabasha County, MN
Waseca County, MN
Watonwan County, MN
Winona County, MN

Southwest Initiative Foundation

15 3rd Avenue NW
Hutchinson, MN 55350
800.594.9480
swifoundation.org

The Business Finance and Microenterprise Loan Programs provide up to $300,000 in financing for machinery, equipment, inventory, working capital, and real estate.

Service Area
Big Stone County, MN
Chippewa County, MN
Cottonwood County, MN
Jackson County, MN
Kandiyohi County, MN
Lac qui Parle County, MN
Lincoln County, MN
Lyon County, MN
McLeod County, MN
Meeker County, MN
Murray County, MN
Nobles County, MN
Pipestone County, MN
Redwood County, MN
Renville County, MN
Rock County, MN
Swift County, MN
Yellow Medicine County, MN
Lower Sioux Indian Community
Upper Sioux Community

West Central Initiative Foundation

PO Box 318
Fergus Falls, MN 56538-0318
800.735.2239
wcif.org

The Business & Industry and Small Enterprise Loan Fund programs provide gap lending for small businesses.

Service Area
Becker County, MN
Clay County, MN
Douglas County, MN
Grant County, MN
Otter Tail County, MN
Pope County, MN
Stevens County, MN
Traverse County, MN
Wilkin County, MN
White Earth Nation

State Resources

Minnesota Department of Employment and Economic Development

332 Minnesota Street, Suite E200
Saint Paul, MN 55101
mn.gov/deed

The Minnesota Investment Fund and Minnesota Job Creation Fund provide financing for job creation projects.

Service Area
Minnesota

Wisconsin Economic Development Corporation

201 West Washington Avenue
Madison, WI 53703
608.210.6700
wedc.org

The Business Development Loan, Entrepreneurial Micro-Grant, and Technology Development Loans Programs provide a variety of financing opportunities.

Service Area
Wisconsin

National Resources

U. S. Small Business Administration

409 3rd St, SW
Washington DC 20416
800.827.5722
sba.gov/funding-programs

The SBA 7(a), 504, Microloan, and Economic Injury Disaster Loan Programs provide a variety of financing opportunities.