skip to main content

Minnesota

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on April 27, 2020.

For more up-to-date information on the relief programs available in Minnesota, we recommend that you visit the state's COVID-19 Resource website.

resource search icon

Description of Program and Relief

Small Business Emergency Loans

Minnesota’s Department of Employment and Economic Development has established a loan program for qualifying small businesses to provide financing and loans to small businesses. Loans will range from $2,500 to $35,000 and be interest-free.

Government or Lead Agency

Minnesota Department of Employment and Economic Development

Dates Available

Effective immediately

Eligibility Requirements/Restrictions

NOTE: CURRENT LOAN REQUESTS HAVE EXCEEDED FUNDING AVAILABILITY

Businesses must be able to demonstrate they were directly and adversely affected by the COVID-19 conditions that precipitated the Governor’s emergency declarations in Executive Orders 20-04 and 20-08 (ordering the closure of bars, restaurants, and other places of public accommodation) along with meeting other requirements. For all full list of small businesses that are considered impacted by the Executive Orders and to view the other eligibility requirements, visit here.

Application Deadlines (If Applicable)

N/A

Contact for More Information

Questions regarding the loans or program may be sent to ELP@state.mn.us.

List of Additional Information

For more information about the program and to apply, visit:

https://mn.gov/deed/business/financing-business/deed-programs/peacetime/.


© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

© 2022 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy