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Minnesota Small Business Loan Guarantee Program

Minnesota Department of Employment and Economic Development (DEED)MN-SBLG
Max per Applicant

$250K

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Minnesota

About This Program

State guarantee on small business loans made by participating lenders, reducing lender risk and enabling credit access for Minnesota small businesses. Guarantees up to 80% of loans from $10,000–$250,000, targeting businesses with 50 or fewer employees.

Key Requirements & Eligibility

  • 150 or fewer full-time equivalent employees
  • 2Loan size: $10,000–$250,000
  • 3State guarantees up to 80% of loan
  • 4Must have been denied conventional credit
  • 5Apply through a participating Minnesota lender

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Small BusinessManufacturingRetailFood & Beverage
Official Source