Find Funds

Available through NW MN Foundation. State funding runs from 2023-2025. Must have 500 employees or less.

Available through NW MN Foundation and the Initiative Foundation,  Loans can only be used for capital improvements such as buying buildings for your business and/or building renovation and expansion. Must be already established in Minnesota as their primary business, they must have filed taxes under that business last year, and it must be $1.5M or less in revenue.

Micro loans are available through NW MN Foundation , African Development Center , MMCDC, and SBA Microloan Program. 

Innovation grants for operations from LaunchMN

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) are non-dilutive, federal matching grants for research, development, and commercialization. 

Must be for-profit, 500 employees or less, and US owned. Need help? Christine Anderson or Nicole Evans from the SBDC can assist.

Finance the remaining part of your project 33.3% of the total cost or up to $149K. Low interest rates.

Use the application files to submit your request by the 3rd Friday of each month. 

Apply here

 

NW MN Foundation Childcare Loans

Childcare Aware loans, grants, and support

ParentAware funding resources, grants, and training

Industrial, commercial, and some apts businesses within East Grand Forks automatically receive the Disparity Tax Credit on their property taxes. This reduces the tax rate down to roughly 1.6% which is competitive with ND's 3% rate.

Check with Polk Co. to see if you're eligible. 

Available through the NW MN Foundation

The expectation is that Initiators dedicate 20 hours per week to the work of the fellowship and the development of their vision. The fellowship compensates each Initiator with an annual stipend of $30,000.

View complete listing

See loans, grants, and business development support from the USDA. 

Amber Grants

Small business grants for women in Minnesota. Enter to be awarded $10k each month through the Amber Grants for Women program.

An aggregated list from WE Magazine of different grants, loans, and scholarships for women. Topics and purpose vary greatly.

MNVest similar to Kickstarter

Silicone Prairie Portal & Exchange helps companies raise up to $5M in capital. 

Angel Tax Credit Program provides 25% tax credit to investment funds or investors for innovative startups. (funding paused)

504 Loan long-term, fixed-rate loans up to $5 million for capital purchases such as land, buildings, machinery and equipment.

7(a) offers financial help for businesses with special requirements. 7(a) loans max amount is $5 million.

Midwest Business Finance Corp is able to assist with these. Search for other lenders of these programs through the SBA page. 

Loans available for existing and startup veteran businesses. Both types of loans provide one-time, interest-free loans of $5,000 to $20,000. The loan terms are 54 months, with no repayment for the first 18 months and equal monthly payments over the remaining 36 months.

Funding for businesses expanding and adding at least 5 jobs. Contact the EDA for application assistance. 

Business tax credit allows employers to reduce their federal tax liability by up to $9,600 per new hire. Learn more: WOTC

Businesses of 100 staff or less, with less than $500k profits can apply for environmental 0% loans. Learn more from the MPCA.

Helps direct the flow of capital to businesses and low income areas by providing tax incentives to private investors with flexible and creative lending.

Visit the MMCDC page.

Access Sharia-compliant business loans and mortgages through: 

Devon Bank , UIF/ University Bank, Bank of Whittier, African Development Center

 

Low interest loans to assist fresh food retailers from MMCDC