Getting Started
Ready for funding? We’ve got great resources for entrepreneurs looking for funding. We’ve included some helpful tools to get you ready to apply for your funding! Check them out below!
- Glossary of Loan Terms This glossary was created for entrepreneurs to better understand the terms that funders use.
- What lenders look for in start-ups An overview from a lenders point of view.
- Loan Checklist Every lender has different requirements, be sure and contact your lender prior to the meeting and obtain an outline of required documentation.
- Annual Credit Report Offering a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
Funding Sources for Your Business
Now that you’re ready to apply we’ve compiled a list of funding sources for you to fund your dream.
4 Directions Development
No grants available, they only provide business loans for Red Lake tribal citizens. They provide up to 25% of the total project costs based on the current balance of the loan fund. Loan funds are leverage through the MN with Indian Business Loan Program which provides up to 75% of the total project costs.
The Minnesota Indian Business Loan Program
Loan proceeds may cover start-up and expansion costs, including normal expenses such as machinery and equipment, inventory and receivables, working capital, new construction, renovation, and site acquisition. Financing of existing debt is not permitted.
Leech Lake Financial Services
Loans from $5,000 to $50,000 and above, LLFS uses a USDA revolving-loan fund to provide capital to businesses on the Leech Lake Reservation and within 25 miles of the reservation boundaries.
Native Community Development Financial Institutions
The increase in Native CDFIs has been crucial in eliminating credit deserts and supporting Native Americans who wish to buy a home, start a business, or finance their education. Our guide explains the advantages of CDFIs and includes a list of every Native CDFI in the U.S., searchable by state and institution type.
Headwaters Regional Finance Corporation
Gap financing for new and expanding businesses.
Initiative Foundation
Providing business, technology, green business, small business, and seed investment loans.
Office of Indian Energy and Economic Development (IEED)
Capital investment and Indian Loan Guarantee Program
Northland Foundation
Business loans, royalty investments and loan guarantees.
NE Entrepreneur Fund
Start-up and existing business loans.
Neighborhood Development Centers Small Business Loans
Start-up and existing business loans.
Northwest Minnesota Foundation
Business, equity and entrepreneur development loan funds.
Northwest Regional Development Commission
Low interest financing to create, expand, and retain businesses in the area.
Southern Minnesota Initiative Foundation
Small enterprise and revolving loan fund.
West Central Initiative
Small enterprise, business and industry, childcare and component fund loans.
White Earth Investment Initiative
Consumer loans, business loans, free tax services, home loans and home ownership services.
Two-Spirit Artist Entrepreneur Business Grants and Resources
Learn about a range of business funding and resources available for LGBTQ+ entrepreneurs, highlighting their importance in creating a more equitable entrepreneurial ecosystem.