Business Finance Programs
Application (pdf, 3 pages, 47 KB) - this universal application may be used for any business finance program. The application and supplemental information should be returned to CPED at the address provided.
Online Pre-Application Form - this online form is intended to help you get more information about CPED business finance programs. Business Finance staff will use this form to direct you to the loan program that can best meet your needs.
Business Finance publications and resources
- "Loans and Grants For Minneapolis Businesses" (pdf)
- Small Business Assistance Programs Brochure (pdf, 748 KB, 4 pages) – also available online in Somali, Lao, Vietnamese, Spanish, Oromo and Hmong
- "Starting a business in Minneapolis: A Practical Guide" (pdf)
- Business Finance Programs matrix (pdf, 72 KB, 1 page)
Business Finance financing tools
The city of Minneapolis offers a wide array of financing tools for Minneapolis businesses of all sizes. Loans range from $1,000 to $10 million, and many are offered in partnership with private lenders and nonprofit organizations.
501(c)(3) Revenue Bonds: low-cost, tax-exempt bond financing for capital improvement projects to nonprofit organizations.
Alternative Financing Program: profit-based financing to Minneapolis business for equipment and/or building improvements where no interest is paid or collected. The rate of return is based on an up-front profit payment.
Bank Qualified Bank Direct Loans: cost-effective tax-exempt financing for capital projects for smaller 501 (c)(3) organizations.
Business Development Fund Loans: market-rate loans and in some cases prepayment credits for employing Minneapolis residents.
Capital Acquisition Loans: loans in cooperation with private banks to help small businesses and community organizations purchase and rehabilitate small commercial and industrial properties.
Common Bond Revenue Bond Program: a loan fund for growing manufacturing companies for land, construction and equipment.
Emerging Entrepreneur Capital Acquisition Loans: loans in cooperation with private banks to help newer businesses (two years or newer) purchase and rehabilitate small commercial, multi-use or industrial properties.
Energy Efficiency Loan Program provides financing in partnership with the Center for Energy and Environment (CEE) for businesses making energy retrofits and energy efficiency improvements for commercial and industrial properties. Most loans are less than $75,000 and are paired with Excel and Centerpoint Energy rebates.
Loan Guaranty Program: working capital term loans or revolving lines of credit in cooperation with private banks.
Revenue Bonds: bonds to finance industrial, commercial and medical facilities, multifamily rental housing, nursing homes and some nonprofit activities.
Two-Percent Loans: financing to small Minneapolis businesses for equipment and building improvements.
Two Percent Commercial Corridor/Commercial Node Loans: financing to small Minneapolis businesses to purchase equipment or to make building improvements on commercial properties located in designated Commercial Corridors and Commercial Nodes.
Online information from the City of Minneapolis at MinneapolisMN.gov/CPED
Published May 21, 2007