Small Business Development Loan Program (Minnesota)
Last modified on February 12, 2015.
|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|
|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 Substantive Modification
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.