Small Business Development Loan Program (Minnesota)

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Last modified on February 12, 2015.

EZFeed Policy

Place Minnesota


   

Name Small Business Development Loan Program (Minnesota)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Positively Minnesota Department of Employment and Economic Development
Primary Website http://mn.gov/deed/business/financing-business/deed-programs/small-biz-loans.jsp



Last Review 2014-07-18
Last Substantive Modification
to Summary
2014-07-18


Summary

The Small Business Development Loan Program, sponsored by Minnesota’s Agricultural and Economic Development Board, issues industrial development bonds to provide small business loans up to $5 million to businesses whose expansion results in the creation of new jobs. Loans are available to manufacturing and industrial companies with fewer than 500 employees. The loan may be used for real estate or machinery and equipment.




      
     
     


















References