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These are funding and financial resources available to individual artists living and working in Minnesota. 

Please consult a financial professional before making any decisions about lending! You can receive financing training and consultation through the Minnesota Department of Employment and Economic Development.

Springboard Staff

Artist Resources Director

Business loans

The Small Business Administration (SBA) facilitates a number of loans for small businesses. The lender will provide the business with a full list of eligibility requirements for the loan. SBA can direct them to the appropriate lender for their needs. These types of loans include:

7(a) Loans are SBA's primary loan program for providing financial assistance to small businesses.

504 Loans provide long-term, fixed rate financing of up to $5 million for major fixed assets and/or real estate. You can apply through a nearby CDC (Certified Development Corportation).

Microloans provide loans up to $50,000 to help small businesses start up and expand. They also provide TA (technical assistance). You can apply through one of the 9 non-profit microlenders across the state.

Community Advantage Loans are community-based, mission-focused lenders meet the credit, management and TA needs of small business in underserved markets.

Crowdfunding

See this FAQ to learn more about crowdfunding platforms, including GoFundMeIndieGoGoKickstarter and Patreon.