Loan Opportunites
There are several low-interest loan opportunities available for Northside Business Owners and Entrepreneurs.
Please see links below for additional details or contact Erin at 612-353-5178 or erin@westbroadway.org
City of Minneapolis
2 Percent Loan (loan at a low two percent interest rate)
Commercial Node 2 Percent Loan (same as above, specific to the West Broadway and Penn Avenue intersection)
Alternative Financing Program (loans in accordance with Sharia law)
Bank Qualified Bank Direct Tax-exempt Revenue Bonds (for non-profit organizations)
Business Development Loan (for businesses looking to hire Minneapolis residents)
Capital Acquisition Loan Program (loans to purchase or rehabiliate property)
Energy Efficiency Loan (for energy-saving upgrades)
Working Capital Program (city will help you secure private loans)
State of Minnesota
Urban Initiative Loan (manufacturing, tech, and information business)
Indian Business Loan (for American Indians)
Federal Government
7(a) Loan (general small business loan)
CDC/504 Loan (for large, long-term investments like expanding your business)
Microloan (very small loans for small businesses)
Other Sources
SCORE (minneapolis.score.org)
Metropolitan Economic Development Association (www.meda.net)
WomenVenture (www.womenventure.org)
KIVA (www.kiva.org)
