Southern Minnesota Initiative Foundation

This revolving loan fund, managed in Owatonna, MN, is available for a variety of project types. Including:

• Bio Seed Funds (up to $25,000) to support seed and start-up stage biobusinesses in need of capital, business expertise and networking opportunities.
• Revolving Loan Fund (up to $200,000) to help create financial partnerships with local lenders, economic development organizations and government agencies
• Small Enterprise Loan Fund (up to $35,000) for small business owners and fledgling entrepreneurs, including minority-owned businesses.
• Incentive Grants (up to $20,000) to support asset based collaborative projects within five-key emerging business and emerging workforce areas.

For more information about programs available through the Southern Minnesota Initiative Foundation, click here.