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Duluth 1200 Fund Mentorship Loan Program
The Mentorship Loan Program provides $3,000 to $15,000 in startup loans for Duluth small businesses working with mentors and SBDC support.
About this program
The Duluth 1200 Fund Mentorship Loan Program assists small businesses with startup needs while connecting borrowers to local mentors and business development specialists. The program is designed to help newer businesses fund critical projects, build credit and payment history, and position themselves for larger future investment.
Eligibility
Small businesses in Duluth with startup financing needs may apply after completing a recent business consultation with the Small Business Development Center in Duluth and establishing a business mentor relationship.
Requirements
- Business must be located in Duluth or completing an eligible startup project in Duluth.
- Applicant must have conducted a business consultation with the Duluth Small Business Development Center within the past six months.
- Applicant must be working with a business mentor.