SMALL BUSINESS DEVELOPMENT CENTERS

Small Business Development Centers provide professional expertise and guidance for small businesses to help them thrive.

Northwest Region

North Central Region

West Central Region

Twin Cities Region

SBA Microloans

The U.S. Small Business Administration (SBA) uses its Microloan Program to loan money to nonprofit lenders who then provide small business loans to startups and small businesses.

SBA-backed microloans feature:

  • Loan Amount: up to $50,000
  • Interest Rate: negotiated between borrower and lender, up to SBA’s maximum.
  • Terms: negotiated by the lender, no penalties for early payoff.

Micro-Lenders in Minnesota

Affinity Plus does not offer micro loans. The following micro-lenders do provide SBA-backed loans in Minnesota.

Mentorship

Open to Business

Open to Business provides free, confidential business counseling to current and prospective entrepreneurs. Open to Business consultants work with you as a small business owner to access the technical assistance and financing options needed to succeed. They provide on-site business advising throughout the Twin Cities region.

SCORE

SCORE is the nation’s largest network of volunteer business mentors. These business executives share real- world knowledge at no cost to you. SCORE mentors are available in person or by email or video chat. Start working on your business goals today.