A Guide To STARTING A BUSINESS IN MINNESOTA 43rd Ed 2025

Lightspring Capital Partners 5775 Wayzata Blvd., Suite 700 Minneapolis, MN 55416 612-289-6614

Detroit Lakes: 119 Graystone Plaza, Suite 200 Detroit Lakes, MN 56501 218-844-4510 St. Cloud Office: 616 Roosevelt Road, Suite 200 St. Cloud, MN 56301

Marquette Capital Fund II, L.P. 5353 Gamble Drive, Suite 125 St. Louis, MN 55416 612-661-3990 Medallion Capital, Inc. 3000 W. County Road 42, Suite 301 Burnsville, MN 55337 952-831-2025 NorthCoast Mezzanine 60 South Sixth Street, Suite 3550 Minneapolis, MN 55402 612-843-1560 | info@northcoastmezz.com Northstar Capital LLC 2310 PwC Plaza

320-258-5000 Slayton Office: 2611 Broadway Ave, Unit C Slayton, MN 56172 507-626-5407 AMPLIO (Amplio Economic Development Corp) 3900 Northwoods Drive, Suite 225 Arden Hills, MN 55112 651-631-4900 866-977-3326 | info@amplioedc.com 504 Corporation Rochester Office: RCTC Heintz Center 1926 College View SE Rochester, MN 55904 507-288-6442 Mankato Office: P.O. Box 4241 Mankato, MN 56002 507-625-6056 Twin Cities Metro Certified Development Co.

45 South Seventh Street Minneapolis, MN 55402 612-371-5700 Spell Capital Partners, LLC 7201 Metro Blvd Suite 850 Minneapolis, MN 55439

612-371-9650 | info@spellcapital.com USDA (U.S. Department of Agriculture) Rural Development State Office 375 Jackson Street, Suite 410 St. Paul, MN 55101 651-602-7800

3495 Vadnais Center Drive Vadnais Heights, MN 55110 651-481-8081 888-481-4504 | info@tcmcdc.com Small Business Investment Companies (SBIC)

FINANCING / TAX CREDITS, STATE SOURCES Office of Grants Management Agriculture (MDA), MN Department of Orville L. Freeman Building

Bayview Capital Partners III, IV, L.P. 301 Carlson Parkway, Suite 325 Minnetonka, MN 55305 952-345-2035 Convergent Capital Partners II, III, IV. L.P. 9855 West 78th Street, Suite 320 Eden Prairie, MN 55344 763-432-4080 GMB Mezzanine Capital, II, III, IV, L.P. 50 South Sixth Street, Suite 1460 Minneapolis, MN 55402 612-243-4405

625 Robert Street N. St. Paul, MN 55155 651-201-6000 800 967-2474 800-627-3529 (TDD) | mda.info@state.mn.us Loan, Grant, and Other Funding Beginning Farmer Tax Credit Credit provides tax credits for the rent or sale of farm land or a variety of farm assets to beginning farmers. This includes incentives for the sale of farm land. 651-201-6316 | mda.bftc@state.mn.us

Lake Country Capital SBIC, L.P. 7701 France Avenue, Suite 240 Edina, MN 55435 612-800-9944

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