Small Business Financing

We work with private lenders to fund the growth of small businesses located in Minneapolis.

What to know

After you complete the application

  • Submit it to us by mail or email.
  • We may request additional information.

Get our contact information

What you will need

To complete the application

Business information

  • Legal name, address, contact information, age
  • Federal Employer Identification Number (EIN) and legal structure
  • Building square footage
  • Number of employees, average wages and if they receive full benefits

Fund request details

  • Tell us how much money you want. 
  • Describe your plans for building improvements or equipment purchases.
  • Provide the full project cost.

After you submit the application

We may request

  • Two-year balance sheet and profit and loss statement
  • Two years personal and business federal tax returns
  • Personal financial statement for any person who owns 20% or more interest in the business
  • Business plan (if the company is new or substantially expanding)
  • Bids for equipment or rehabilitation work (if applicable)

For larger projects, we may also request

  • A one-year pro forma balance sheet, income statement and cash flow statement that reflects:
    • The new financing
    • Changes to sales and expenses

Contact us

Business Development Team

Community Planning & Economic Development

 

Phone

612-673-5094

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415