HOW TO ACCESS DEED'S NEW SMALL BUSINESS LOAN AND VENTURE FUNDING PROGRAMS
4 Jan 2023
As a part of the 2021 American Rescue Act (ARPA) Minnesota was awarded up to $97 million through the State Small Business Credit Initiative (SSBCI). The SSBCI program is made up of six programs designed to fill financing gaps and operate in conjunction with private lenders. The Minnesota Department of Employment and Economic Development (DEED) will receive the funds in three disbursements, with the first being approximately $29.5 million.