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.
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.
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.