Small Business Emergency Loans
Following Executive Order 20-15, DEED established a loan program to assist small businesses directly and adversely affected and whose industry was named in Executive Orders 20-04 and 20-08 following the start of the COVID-19 pandemic. Small businesses are a vital part of Minnesota’s economy and this program provided a source of working capital to help businesses sustain operations during this challenging time.
Businesses applied directly through a certified lender. A list of participating lenders are available in the tabs. Nonprofits were not eligible for this program.
NOTE: The program concluded on 6/30/2020 and is no longer active. Lenders are no longer taking applications and no additional approvals will be made.