Community Planning & Economic Development

Phone: (612) 673-5095
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Working Capital Guaranty Program

What is the Working Capital Guaranty Program?

The Working Capital Guaranty Program is designed to help small businesses secure financing through private banking institutions. A private lender funds the loan, and the City of Minneapolis (CPED) guaranties a portion of the financing - up to 50% of the loan amount. Although there is no limit to the amount of financing provided by the bank, the City’s maximum guaranty is $50,000.   

Terms and Conditions

In the event program funds are not sufficient to meet all eligible applications, priority will be given to businesses: 1) benefiting low- to moderate-income persons by creating jobs; 2) rehabbing or reusing a vacant structure; and 3) whose owner(s) has a personal net worth less than $1 million. 

Who is Eligible

Eligible Uses

This guaranty program is separate from the City’s other financing programs, and cannot be used to guaranty the City’s Two-Percent Loans or the uninsured portion of an SBA guaranteed loan. 

How to Apply

Complete an online application here, or to request a printed application please call (612) 673-5072.

All programs and guidelines are subject to change without notice

Last updated Sep 17, 2013