Minnesota Chamber of Commerce: HOW TO ACCESS DEED'S NEW SMALL BUSINESS LOAN AND VENTURE FUNDING PROGRAMS

Minnesota Chamber of Commerce: HOW TO ACCESS DEED'S NEW SMALL BUSINESS LOAN AND VENTURE FUNDING PROGRAMS Main Photo

4 Jan 2023


News

As a part of the 2021 American Rescue Act (ARPA) Minnesota was awarded up to $97 million through the State Small Business Credit Initiative (SSBCI). The SSBCI program is made up of six programs designed to fill financing gaps and operate in conjunction with private lenders. The Minnesota Department of Employment and Economic Development (DEED) will receive the funds in three disbursements, with the first being approximately $29.5 million. 

All of the programs are first-come, first-serve, so it is vital to know what they are and whether your business is eligible. The Grow Minnesota!® team is here to help navigate these new programs. If you’d like assistance, please reach out to Sarah Erickson. 

Click here to view the original article from the Minnesota Chamber of Commerce. 

Flipboard Icon

More Topics

Minnesota Chamber of Commerce: HOW TO ACCESS DEED'S NEW SMALL BUSINESS LOAN AND VENTURE FUNDING PROGRAMS Photo

Minnesota Chamber of Commerce: HOW TO ACCESS DEED'S NEW SMALL BUSINESS LOAN AND VENTURE FUNDING PROGRAMS

Jan 4 2023
As a part of the 2021 American Rescue Act (ARPA) Minnesota was awarded up to $97 million through the State Small Business Credit Initiative (SSBCI). The SSBCI program is made up of six programs designed to fill financing gaps and operate in conjunction with private lenders. The Minnesota Department of...Continue Reading
Loans for Minnesota Businesses & How to Apply Photo

Loans for Minnesota Businesses & How to Apply

Jan 3 2023
Great River Energy (GRE) and our cooperatives have loans for Minnesota businesses and we can help you to apply for them! We understand that running a business is time consuming and it can be difficult to find the financing necessary to grow and expand. Our economic development team is here...Continue Reading
Site Selection Magazine: The Shape Of Things To Come Photo

Site Selection Magazine: The Shape Of Things To Come

Jan 1 2023
Ilinois Gov. JB Pritzker is happy to point out that his state was ahead of the federal government in making generational investments toward infrastructure development. Pritzker, who was re-elected in November, spearheaded “Rebuild Illinois,” a $45 billion capital improvement project approved by the Illinois legislature during the first months of...Continue Reading