Loan Programs
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- Port Authority Revolving Loan Fund
The Port Authority of Winona has a local Revolving Loan Fund for qualifying businesses to obtain funds for business loans. The Port works in conjunction with your local financial institutions to assist you. (Revolving Loan Fund Brochure)
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What Do We Need To Proceed:
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Department of Employment and Economic Development (DEED)
The Port Authority works closely with the Minnesota Department of Employment and Economic Development (DEED). The Department has financing programs and training funds available to assist businesses. The Port Authority can direct businesses to the proper areas for this assistance. Visit DEED's website at: http://www.deed.state.mn.us/
- Minnesota Community Capital Fund (MCCF)
The Minnesota Community Capital Fund can provide loans with bank participation. The loan program has been used in Winona successfully. Visit their website at: http://www.mncommunitycapitalfund.org
- SBA 504 Corporation
The U.S. Small Business Administration 504 program allows small to medium sized businesses to obtain long-term, fixed rate financing at low rates for up to 20 years. The program is designed to promote economic growth by stimulating small business investment. Visit their website at: http://www.504Corporation.com
- Southern Minnesota Initiative Foundation (SMIF)
The Southern Minnesota Initiative Foundation
offers businesses that innovate, particularly those that use this region's resources to develop high-tech products and services. Loan fundsfor bio-business, entrepreneurs, and minority-owned businesses are available. Visit their website at: http://www.smifoundation.org/
Please contact us, and we will help you in obtaining more information about resources that may be available to you. |
