Small Business Emergency Loan Information

Emergency COVID-19 Small Business Loans

US - Small Business Administration

If you are a small business owner, in Minnesota and have been impacted by COVID-19, you may be eligible for an emergency small business loan. The Minnesota Department of Employment and Economic Development (DEED) is offering an emergency loan program to help Minnesota small business owners who need immediate assistance to meet their families’ basic needs during COVID-19 closures.

The loan program was created to help businesses temporarily closed under which stopped onsite customer dining at restaurants and bars and closed an extensive list of other small businesses whose owners may not have adequate cash flow to withstand temporary closure. To download the emergency loan application click here. To learn more about DEED and its services during the COVID-19 pandemic visit their website: https://mn.gov/deed/newscenter/press-releases/?id=425890

Send questions regarding the emergency loan program to email: ELP@state.mn.us.

The DEED approved lender for NW Minnesota is:

Northwest Minnesota Foundation

  • Mailing Address:
  • 201 3rd Street NW
  • Bemidji, MN 56601