Small Business Services > Financing > Emerging Businesses / Emerging Neighborhoods Program

Emerging Businesses / Emerging Neighborhoods Program

The Emerging Businesses / Emerging Neighborhoods Program provides loans of up to $50,000 for growing businesses, with a possibility of up to six months of principal deferment. Amount of NDC financing must be matched by a bank loan, and borrowers must agree to hire entry-level employees through a non-profit or government workforce development agency active in the service area.

Eligible Borrowers:

Businesses that are profitable, have been in existence for at least one year and are located in or willing to locate to the service area, are eligible to participate in the Businesses / Emerging Neighborhoods 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.