Welcome to DEED's Small Business Hub
Your one-stop-shop for everything you need to know
about DEED’s resources for small businesses
New Programs Alert!
Small Business Loan Participation: DEED will purchase participations in loans to small businesses made by approved Community Development Financial Institutions and nonprofit lenders. Businesses seeking loans will apply directly with enrolled lenders. DEED is now accepting proposals from lenders.
Other new programs include:
- The Automation Loan Participation Program, providing companion loans to fill gap financing needs for small manufacturers to purchase machinery, equipment, or software to increase productivity and automation;
- The Growth Loan Fund, providing direct loans to innovative seed- and early-stage technology businesses;
- The Minnesota Loan Guarantee Program, providing 80% loan guarantees for qualified loans made by enrolled institutions and
- The Direct Investment and Multi-Fund Investment Programs, two venture capital programs offered by the University of Minnesota investing in Minnesota-based seed- and early-stage businesses.
DEED is proud to offer these programs through a $97 million U.S. Treasury grant secured to support Minnesota’s small businesses.
Five steps to start a small business
When starting a new business there are many important decisions to make. Here are some resources and five steps to help you get started in Minnesota.
Small business resource guide
DEED is here for small businesses, with dozens of resources available to Minnesotans looking to start or grow a small business here. From development assistance to finding funding to training services, we have what you need.
Continue your journey
You’ve opened your doors. Your employees are well trained. You have the trust of loyal customers. Once your business is off the ground, DEED is here to help you grow.
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Still have questions?
We're here to help you reach your full potential.
If need more help, contact our Small Business Assistance Office at 651-556-8425 or 800-310-8323, or email deed.mnsbao@state.mn.us.
To be notified when additional small business funding programs are announced over the next few months, sign up today.