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MN
Minnesota Growth Loan Fund
SSBCI low-interest loans for early-stage Minnesota technology businesses raising equity.
About this program
The Growth Loan Fund provides low-interest direct loans to eligible seed and early-stage Minnesota businesses engaged in technological innovation that are raising qualified equity investment.
Eligibility
Minnesota-headquartered early-stage technology businesses with fewer than 50 employees, operating less than 10 years in most cases, seeking equity investment from accredited investors or venture funds.
Requirements
- Enroll before receiving matching equity investments
- Raise at least 70% of the stated equity round during the approved period
- Provide business plan, financials, capitalization table, investment documentation, and compliance certifications