Small-loan program kicks off in Minnesota for businesses affected by pandemic
30 Mar 2020
The Minnesota Department of Employment and Economic Development (DEED) announced the Minnesota Small Business Loan Guarantee Program, which was approved by the Minnesota Legislature last week.
This temporary program, established in response to impacts of COVID-19, provides another option for financing to help small businesses weather this difficult time. DEED estimates that this $10 million will guarantee $20 million to $25 million in loans for Minnesota small businesses.
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The Minnesota Department of Employment and Economic Development (DEED) is announcing the Minnesota Small Business Loan Guarantee Program, which was approved by the Minnesota Legislature last week. This temporary program, established in response to impacts of COVID-19, provides another option for financing to help small businesses weather this difficult time...
New Ulm area businesses can now apply for a grant to help them recover from the effects of the coronavirus pandemic. Ogden Newspapers Inc., the parent company of The Journal, has established a $1 million fund to help local businesses get back to full strength by subsidizing local marketing efforts...
EDA approves emergency business relief
Mar 28 2020The New Ulm Economic Development Authority (EDA) held a special meeting Friday to provide emergency relief for businesses impacted by the COVID-19 pandemic, which included the creation of $250,000 in grants for qualified businesses.
COVID-19 has disrupted normal business practices across the country resulting in financial cost and loss...
Tom Lambrecht