Main Content:
Financing Options
Below is a list of the various financing options available to small businesses. Please read each description carefully to understand qualifying terms and conditions.
SBA Loans
The Small Business Administration has loan guarantees available to small businesses that meet SBA eligibility requirements. For more information about SBA financing basics and each loan program click on the links below:
Southern Minnesota Initiative Foundation
The Southern Minnesota Initiative Foundation has the following loan programs available to small businesses:
Grants
You may have heard from time to time that there are grants available for people who would like to start a business. While this is true, there are a couple of things you want to keep in mind when searching for a grant opportunity. Most grants are offered to vary specific organizations that are usually non-profit organizations who have similar missions as the granting agency. Moreover, while a lot of grant programs are currently available to small businesses, most of these grants do not have funding available, or in some cases have very limited funding available. Se sure to check with the granting agency to determine availability of funds for specific grants prior to applying for the grant. At this time the SBDC does not have access to any grant dollars for for-profit businesses.
Business Related Links:
Small Business Administration
Business Law
Internal Revenue Service
Minnesota Department of Revenue
Online Resources:
Write a Business Plan
Business Statistics
Learn About SBA Lending
Learn About Business Management
Business Tax Forms
Competent business planning assistance is just a phone call away.
Contact us today
(507) 285-7536
Fax: (507) 280-5502
E-mail: rick.indrelie@roch.edu