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Funding Your Business


1st National Bank Building
332 Minnesota Street
Suite E-200
Saint Paul, MN  55101

Phone:  (651) 259-7114
Starting a business in Minnesota is not a single decision but a series of them, each one an important step on the road to a successful launch. The Department of Employment and Economic Development can help you tackle the most common questions on its website or over the phone with a Small Business Assistance Office.  It also offers a number of helpful publications, such as “A Guide to Starting a Business in Minnesota,” and other guides.  


WomenVenture logo

2324 University Ave West
Saint Paul, MN 55114

Phone: (651) 646-3808
WomenVenture, an SBA loan provider, offers business loans up to $50,000 to qualified borrowers to start or expand small businesses. Open to men and women.



250 Second Ave. S.
Suite 106
Minneapolis, MN 55401

Phone: (612) 332-MEDA
The Metropolitan Economic Development Association (MEDA) provides access to financing for minority-owned businesses through its own loan program, and also by assisting in developing a loan package to present to other potential funders.  

Small Business Administration

Small Business Admin.

100 North Sixth Street
Suite 210-C
Minneapolis, MN 55403

Phone: (612) 370-2324
The Small Business Administration offers a variety of loan programs for very specific purposes. The programs are varied and each loan program has its own eligibility criteria and application process. For small businesses, SBA provides direct lending and a technical assistance grant to a licensed micro-lender, who in turn makes loans and provides technical assistance to micro-businesses that have lending needs of no more than fifty thousand dollars.

The Collaborative

For More than 25 years, The Collaborative has served as the resource for Minnesota's entrepreneurs, investors, teams, and innovators. From first-time startups, growth company CEOs, CFOs, and middle-market teams -- to angels, VCs, and investors -- it's focused on helping to build Minnesota's companies. Events deliver quality content and networking while relying on The Collaborative trademark of presenting issues from those entrepreneurs, investors, and experts who’ve been there.  

The Collaborative

10 South 5th Street
Suite 415
Minneapolis, MN 55402

Phone: (612) 338-3828

Open to Business Lending

OTB logo
Open to Business

3137 Chicago Ave S.
Minneapolis, MN  55407

Sessions @
Rosemount City Hall
2875 145th Street, Rosemount, MN  55068

Phone: (952) 484-3107
Open to Business (OTB) provides the following loan products through the Metropolitan Consortium of Community Developers (MCCD); Loan Packaging / Facilitation, Loans for New and Emerging Businesses, Loans for Second State and growing businesses, real estate participation loans, real estate acquisition financing, and transactional financing.