A Guide To STARTING A BUSINESS IN MINNESOTA 44th Ed 2026

Microloan Intermediaries -Minnesota African Development Center (ADC)

Southern Minnesota Initiative Foundation 525 Florence Ave. PO Box 695 Owatonna, MN 55060 507-455-3215 | inquiry@smifoundation.org Service area: Faribault, Fillmore, Freeborn, Goodhue, Houston, Le Sueur, Martin, Mower, Nicollet, Olmsted, Rice, Sibley, Steele, Wabasha, Waseca, Watonwan, and Winona counties. Southwest Initiative Foundation 15 3rd Ave. N.W. Hutchinson, MN 55350 320-587-4848 800-594-9480 info@swifoundation.org Service area: Big Stone, Carver, Chippewa, Cottonwood, Jackson, Kandiyohi, Lac qui Parle, Lincoln, Lyon, McLeod, Meeker, Murray, Nobles, Pipestone, Redwood, Renville, Rock, Swift, Wright, and Yellow Medicine counties . WomenVenture 165 Western Ave North, Suite 8, Office 100 St. Paul, MN 55102 612-224-9540 7(a) Loan Program SBA's primary program for providing financial assistance to small businesses. 8(a) Business Development Program Federal contracting and training program for experienced small business owners who are socially and economically disadvantaged. 504 Loan Program Long-term, fixed rate financing of up to $5.4 million for major fixed assets Certified Development Companies (CDCs) 1926 College View SE Rochester, MN 55904 507-288-6442 Mankato Office: P.O. Box 4241 Mankato, MN 56002 507-625-6056 AMPLIO (Amplio Economic Development Corp) 3900 Northwoods Drive, Suite 225 Arden Hills, MN 55112 651-631-4900 866-977-3326 | info@amplioedc.com CMDC (Central Minnesota Development Company) 1885 Station Parkway N.W. Andover, MN 55304 763-784-3337 504 Corporation Rochester Office: RCTC Heintz Center

1931 South 5th Street Minneapolis, MN 55454 612-333-4772 877-232-4775 info@adcminnesota.org ADC Rochester 507-282-7333 ADC Willmar 518 Litchfield Ave. S.W. Willmar, MN 56201 320-262-8545 ADC St. Cloud 101 7th Avenue S. Suite 201 St. Cloud, MN 56301 320-204-5310

Service Area: Anoka, Beltrami, Blue Earth, Carver, Chisago, Dakota, Faribault, Hennepin, Isanti, Kandiyohi, Lyon, Olmsted, Ramsey, Scott, Sherburne, Stearns, and Washington counties. African Economic Development Solutions (AEDS) 1821 University Ave. W., Suite S-145 St. Paul, MN 55104 651-646-9411 | info@aeds-mn.org Entrepreneur Fund, Inc. 218-623-5747 800-422-0374 info@efund.org Main office: 202 W. Superior Street, Suite 311 Duluth, MN 55802 218-623-5747 Service Area: Aitkin, Carlton, Cass, Cook, Douglas, Itasca, Koochiching, Lake, Pine, St. Louis counties Neighborhood Development Center (NDC) 625 University Ave. St. Paul, MN 55104 651-291-2480 | info@ndc-mn.org Service area: Hennepin and Ramsey counties. Northwest Minnesota Foundation 201 3rd St. N.W. Bemidji, MN 56601 218-759-2057 800-659-7859 Service area: Beltrami, Clearwater, Hubbard, Kittson, Lake of the Woods, Mahnomen, Marshall, Norman, Pennington, Polk, Red Lake, and Roseau counties.

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