• Be in existence continually for at least the past three years • Demonstrate experience providing hands-on manufacturing-related training and technical assistance to small businesses Grants for Community Organizations SBA offers grants to community organizations that promote entrepreneurship, including those that support veteran owned and service-disabled veteran-owned businesses and Small Business Development Centers. SBA Disaster Assistance SBA provides low-interest disaster loans to help homeowners, renters, and businesses of all sizes recover from declared disasters. Businesses of all sizes located in declared disaster areas, private nonprofit organizations, homeowners, and renters, and private non-profit organizations affected by declared disasters, including civil unrest and natural disasters such as hurricanes, flooding, and wildfires can apply for a disaster loan. You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan. Types of SBA Disaster Loans Physical Damage Loans If you own a business located in a declared disaster area that has experienced damage, you may be eligible for financial assistance from SBA. Businesses of any size and most private non-profit organizations may apply to SBA for a loan to recover after a disaster. If you live in a declared disaster area and have experienced damage to your home or personal property, you may be eligible for financial assistance from SBA — even if you do not own a business. As a homeowner, renter, or personal property owner, you may apply to SBA for a loan to help you recover from a disaster. Economic Injury Disaster Loans Small businesses, small agricultural cooperatives, and most private nonprofit organizations located in a declared disaster area and which have suffered substantial economic injury may be eligible for an SBA Economic Injury Disaster Loan (EIDL). Mitigation Assistance SBA offers low-interest disaster loans to homeowners and small businesses impacted by declared natural and other disasters. Eligible SBA disaster loan borrowers may choose to receive expanded funding to help mitigate their home or business against future disasters. SBA disaster loans can be increased up to 20 percent to make building upgrades.
U.S. DEPARTMENT OF AGRICULTURE (USDA) RURAL DEVELOPMENT
Minnesota Rural Development State Office 375 Jackson Street | Suite 410 St. Paul, Minnesota 55101 651-602-7800 Programs & Services -Business Programs
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