Small Business Administration (SBA) Financing Programs / Minnesota Department of Employment and Economic Development

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LOI Deadline:
Funding Type
Business Type
Industry
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Description:
The program is open to veterans, service-disabled veterans, active duty service members, participating in the Military Transition Assistance Program, Reservists, and National Guard Members, current spouses of any of the above, and the widowed spouse of a service member or veteran who died during service or of a service-connected disability. […] Any small business which constructs, manufactures, or provides a service under an assignable contract is eligible. An application must be filed for each contract. More than one contract may be outstanding at any one time. All disbursements must be supported by invoices and/or time sheets. Maturity is generally not more than 12 months. […] The purpose of this program is to provide working capital needed to handle short-term contracts. A business must have been in operation for 12 months preceding the date of application.