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MN
Automation Loan Participation Program
Provides Minnesota SSBCI loan participation support for businesses investing in automation.
About this program
The Automation Loan Participation Program is a Minnesota SSBCI 2.0 financing tool that supports small businesses investing in automation, productivity improvements, and modernized equipment. By participating in lender financing, the program helps reduce credit barriers for eligible automation projects.
Eligibility
Eligible borrowers are Minnesota small businesses working with participating lenders on automation, productivity, or equipment financing projects.
Requirements
- Business must be an eligible Minnesota small business.
- Project must involve automation, productivity improvements, or related equipment investment.
- Business must work through a participating lender.