Minnesota Small Businesses NOW Eligible for SBA Disaster Loans! - Training's offered this weekend to help you apply.

Minnesota District Office

u s small business administration

Minnesota Small Businesses Now Eligible For SBA Economic Injury Disaster Loan Program

Thanks to a concerted effort by the state of Minnesota and the SBA to contain the economic impact of Coronavirus, the state's small businesses are now eligible for the SBA Economic Injury Disaster Loan Program and can apply for a loan on our website at SBA.gov/disaster.

  • This program can provide low-interest loans of up to $2 million to small businesses and private non-profits.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills. 
  • The current interest rate is 3.75% for small businesses. The non-profit rate is 2.75%.
  • These loans have long-term repayment options, up to a maximum of 30 years. 
  • Need help filling out the application? Access these step-by-step instructions

Apply Online

This Weekend: Loan Training for COVID-19 Related Economic Disruptions

Join us and learn about the SBA’s Economic Injury Disaster Loan program. 

Saturday, March 21, 1 p.m.; Register

Sunday, March 22, 11 a.m.; Register 

en Espanol
Saturday, March 21, 12 p.m.; Register

These trainings will cover program eligibility, use of proceeds, terms,filing requirements, additional small business resources. After registering you will receive the Skype webinar log in information.

Can’t make one this weekend?

The SBA’s Minnesota District Office will be hosting these twice a day, starting Monday at 9 a.m., until demand is met. Visit www.sba.gov/mn for more calendar dates and information on other resources available to help small businesses during this challenging time.

Info from SBA Partners and Sister Agencies

We will continue to share additional resources as they become available.  This is by no means an all-inclusive list, but we hope it gives you a good starting point to get the help you need to deal with the crisis at hand.

Local Partner Info

Federal Program Info

Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

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We will also be posting information on Twitter (@SBA_Minnesota) as it becomes available. Join us there.