Small Business Owner’s Resources during COVID-19 Crisis

MINNESOTA

State and Local Resources for Small Businesses

Small Business Emergency Loans

Loans from $2,500 to $35,000 available to small business in Minnesota impacted by COVID-19. Interest free with 6 months of deferred payment

Minnesota Small Business Loan Guarantee Program

Program provides an 80% guarantee up to a maximum of $200,000 to small businesses in Minnesota with 250 employees or less. 

A Guide for Minnesota Small Businesses Who Need Help

New programs have been built to assist small businesses during the COVID-19 pandemic.  This guide will help small businesses quickly see which programs might be right for them.

Did we miss an important resource? Let us know!

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ADDITIONAL RESOURCES

Economic Injury Disaster Loan & Emergency Grants

Provides low interest loans of up to $2 million and emergency advance of up to $10,000 to small businesses and private non-profits affected by COVID-19 within 3 days of applying for SBA Economic Injury Disaster Loan.

Apply for SBA Loans

Provides low interest loans of up to $2 million and emergency advance of up to $10,000 to small businesses and private non-profits affected by COVID-19 within 3 days of applying for SBA Economic Injury Disaster Loan.

Small Business Debt Relief

Small Business Debt Relief Program provides immediate relief to small businesses with non-disaster SBA loans. This program applies to loans such as 7(a), 504, and microloans.

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