The MMCDC Small Dollar Loan Fund fosters the growth of businesses whose owners have limited financial resources, and it promotes economic development in areas demonstrating a need for reinvestment. These small loans feature lower dollar amounts than our other loan products, but also feature lower interest rates, lower fees, and longer terms.
Eligibility And Terms
- Term loans available to new and existing businesses in Minnesota
- Financing may be used for start-up costs; working capital; equipment; inventory; and purchase, construction or renovation of real estate
- Funding ranges from $5,000 to $250,000
- Fixed interest rate
- Other requirements apply, depending upon the source of funds
- All loans subject to credit approval
Loan dollars are federally sourced and are subject to availability.
Inquire
Use the form below to contact one of our lenders to learn more.
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