Different Resources The Entrepreneur Fund Provides business owner development solutions and funding to growing and smaller businesses in northeast Minnesota and northwest Wisconsin

Different Resources The Entrepreneur Fund Provides business owner development solutions and funding to growing and smaller businesses in northeast Minnesota and northwest Wisconsin

Economic Development Resources

Northwest Minnesota

Gap Financing Program Northwest Minnesota Foundation A gap lending system, jobs require main financing by way of a bank. Loans up to $150,000 for brand new start-ups and $300,000 for expansions. Item developing LoanNorthwest Minnesota Foundation Loans can be found to new items with an focus on brand brand new technologies. Entrepreneur developing Program Northwest Minnesota Foundation NMF staff provides technical help and financing to people who wish to start a small business or people planning to expand a current business.

Southwest Minnesota

Company Finance Loan ProgramSouthwest Initiative Foundation Eligible jobs must produce or retain jobs that offer a wage that is livable advantages, create new wealth for the region and diversify the economy of southwest Minnesota. The utmost loan quantity is $50,000. Microenterprise Loan ProgramSouthwest Initiative Foundation Customized help for business owners through ongoing assistance that is technical. The most loan quantity is $50,000.

Northeast and North Central Minnesota

Company Finance ProgramNorthland Foundation Two loan that is types–direct involvement loan. Loans generally consist of $50,000 to $500,000. Financing ResourcesEntrepreneur Fund Fund your company development, purchase, working money, or any other requirements with innovative funding up to and exceeding $250k. Company AssistanceIron Range Resources and Rehabilitation Board (IRRRB) Whether you are developing a start up business or seeking to expand, we possess the economic tools, specific support, and regional resources to help you get here.

Western Central Minnesota

PERSONAL Small Enterprise Loan FundWest Central Initiative Foundation Loans from $1,000 to $35,000, and includes smaller loans to companies when you look at the service or manufacturing sectors. Company and Industry Loan FundWest Central Initiative Foundation the company and business Loan Fund is employed for loans from $20,000 to $300,000. All of the loans in this investment are directed at businesses that are manufacturing. Usage of Capital LoanWest Central Initiative Foundation WCI will match financial loan quantity as much as $75,000. 100% LTV subordinated. Childcare LoansWest Central Initiative Foundation the loan that is maximum the program is $3,500. These loans are to greatly help kid care providers get or keep licensure from their country agency that is regulating.

Central Minnesota

Direct Business Loan FundInitiative Foundation Provides as much as $500,000 for value-added manufacturing and agriculture organizations that bring brand brand new income to communities. Tech Capital FundInitiative Foundation Provides as much as $500,000 for rising high-tech ventures and technologies that increase productivity. Green company Loan FundInitiative Foundation Provides as much as $500,000 for companies that protect environmental surroundings, reduce power needs or recycle existing waste channels. Lender Match Loan FundInitiative Foundation Provides as much as $75,000 for production, technology, wholesale as well as other organizations.

Southeast Minnesota

Company Loan FundSouthern Minnesota Initiative Foundation Targets six key companies: bioscience, renewable power, food/agriculture, manufacturing, technology, and medical care. Loans is likely to be considered as much as $200,000; cannot exceed 50 per cent regarding the total project expense. Business Enterprise Loan FundSouthern Minnesota Initiative Foundation These loans help small businesses or start-up business owners whom create service, retail, neighborhood meals, and manufacturing organizations. $2,000 to $35,000 loan quantities. Blocks Loan FundSouthern Minnesota Initiative Foundation savings and assistance that is technical help expand or enhance licensed kid care companies. Loan size: from $1,000 – $15,000. Local Foods Loan FundSouthern Minnesota Initiative Foundation aids the start-up or expansion of organizations involved with locally or regionally produced food that is agricultural. Loan bucks may be used to buy stock, materials, machinery/equipment, or useful for working money. Seed FundSouthern Minnesota Initiative Foundation Supports start-up phase businesses that require money, company expertise, and networking opportunities. Helps organizations perform research and analysis, patent views and filings, and item screening and analysis. Investment amounts as much as $25,000. Southern Minnesota Equity FundSouthern Minnesota Initiative Foundation Financial money and expertise to very early stage and start-up organizations. Optimum initial investment of $100,000, entitled to follow-up opportunities.

Entrepreneurship

Angel Tax CreditDEED Provides a credit that is 25-percent investors or investment funds that put money into startup organizations dedicated to high technology, brand new proprietary technology, or a fresh proprietary item, procedure or service in certain fields. The credit that is maximum $125,000 per individual, each year ($250,000 if filing jointly). Angel Loan Fund Program DEED supplies a brand new financing choice for organizations certified to take part in Minnesota’s Angel Tax Credit Program. Loans as much as $250,000; 0% interest; deferred 7 year loan term w/ balloon re re re payment; should be entitled to Angel Tax Credit. MN Cup Carlson School of Management—University of Minnesota Supports appearing business owners from throughout the state through activities, academic development and a yearly brand brand new endeavor competition to accelerate the development of the brand new ventures. 1 Million Cups Event JJ Hill Library Each Wednesday morning, two startups that are early-stage their businesses to a gathering of mentors, advisers along with other business owners. Investment Resources for Entrepreneurs Gopher Angels a combined number of accredited investors who’re passionate about producing companies in Minnesota. GA looks for outstanding business owners who is able to turn their eyesight in to a effective company. Arrange It! A business owner’s Guide to triumph Neighborhood developing Center Whether you are just starting out, have recently started operations or are really a business that is current searching for extra training, Plan It! Is a superb possibility to build and expand your knowledge. The Norris Fund for Technology Innovation William C. Norris Instistute—University of St Thomas Provides equity assets and convertible note loans as much as $75,000, with deferred payback terms and warrants. The James Roger Fox M.D. Fund for Healthcare Innovation William C. Norris Instistute—University of St Thomas Provides seed money to health that is innovative technology businesses. Entrepreneurial Resources for Clean Tech Start-ups Cleantech Open Midwest a worldwide accelerator for early-stage clean technology startup organizations. Different Entrepreneurial Resources Minnesota Entrepreneur Network (MNEN) a friendly collaboration of business owner help businesses devoted to growing the Minnesota entrepreneurial ecosystem. Resources for Inventors and Entrepreneurs Inventors’ Network Our company is specialized in supplying educational & practical help people that are attempting to bring a notion into the market. Different Entrepreneurial Resources The Network Connect We connect organizations with investors. Business owners, CEOs and internet marketers arrived at The system Connect phone number for paydayloansindiana.org for information useful to growing a small business.