Small Business Services > Financing > Micro-Enterprise Loan Program

Micro-Enterprise Loan Program

The Micro-Enterprise Loan Program, capitalized in 1993 by McKnight foundation and Minnesota Department of Trade and Economic Development, is the source of the largest number of loans made by NDC. Generally, existing and start-up small businesses can apply for loans up to $10,000.

Eligible Borrowers:
Business owners with incomes below 80 percent of the area median who operate businesses in these neighborhoods and have completed NDC's micro-entrepreneur training program.

Service Areas:
Minneapolis. Phillips, Ventura Village, Whittier, Cedar-Riverside, Seward, Near North, Sumner-Glenwood, Harrison, Willard-Hay, Jordan, Hawthorne, McKinley, Folwell, Cleveland, Victory, Camden, Shingle Creek and Lind-Bohanon.

St. Paul. Payne-Phalen, North End, Frogtown, Summit-University, Hamline-Midway, Dayton's Bluff, and District del Sol.

For more information on any of NDC's Financing Programs, please contact us.