State & Federal Financing

Job Creation Fund (JFC)

This program provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets.

Minnesota Investment Fund (MIF)

The Minnesota Investment Fund was created to facilitate the creation & retention of high quality jobs on a statewide basis, increase both the local & state tax base, and to improve economic vitality of the state.

Minnesota Job Skills Partnership Program (MJSP)

The MJSP works with business, educational institutions and nonprofit organizations to rain or retrain workers, expand work opportunities and keep high quality jobs in the state. 

Rural Electric Economic Development, Inc (REED)

The REED Fund provides financing and helps leverage investment in small communities and rural areas, targeting projects that will promote growth and contribute to job creation, wealth creation, and improvements in the infrastructure and economic base.

SBA 504 Loan Program

The Minnesota Business Finance Corporation (MBFC) is a non profit corporation set up to contribute to the economic development of the central Minnesota region.

SBA 7(a) Loan Guaranty Program

The 7(a) Loan Guaranty Program is one of the SBA's primary lending programs. It provides loans to small businesses that are unable to secure financing on reasonable terms through normal lending channels. 

SBA Express Loan Program

The SBA Express loan program is a simplified loan guarantee program that is essentially the same as its 7(a) loan program. The Express program is typically much faster and easier than the 7(a), however loan amounts cannot exceed $350,000.

Small Business Development Loan Program

The Minnesota Agricultural and Economic Development Board (MAEDB) administers this loan program in order to promote the creation of jobs and assist in business expansions in the state.