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MN
DEED Emerging Entrepreneur Loan Program (ELP) — Minority-Owned Businesses
DEED's ELP channels $5,000–$150,000 loans to minority-owned businesses through certified nonprofit lenders statewide, including African Development Center, MEDA, and others.
About this program
Visit the program website for full details.
Eligibility
Minority-owned businesses in Minnesota; loans disbursed by DEED-certified nonprofit partners.
Requirements
- Minority-owned business in Minnesota
- Apply through DEED-certified nonprofit lending partner
- Demonstrate business viability and repayment ability