SBA News, Events and More!

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Minnesota District Office

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SBA Disaster Loans Available in Minnesota Due to Secretary of Agriculture Disaster Declaration for Drought

Businesses and residents in declared disaster areas can now apply for low-interest disaster loans from the SBA.

The declaration includes Anoka County, Minnesota; and the adjacent counties of Chisago, Hennepin, Isanti, Ramsey, Sherburne and Washington.

Who can apply: Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations with economic losses due to drought that began Aug. 2, 2022.

Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. Apart from aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, and ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.

About the EIDL loan program: The loan amount can be up to $2 million with interest rates of 3.04 percent for small businesses and 1.875 percent for private nonprofit organizations, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Information about the loan program and eligibility can be found in the Disaster Loans - Fact Sheet.

Application Filing Deadline: May 26, 2023

How to Apply: Apply under SBA declaration # 17661 using the Electronic Loan Application (ELA) website.

Customer Service: Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 or via email, If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Celebrate with SBA in October

women National Women’s Small Business Month

SBA celebrates women-owned businesses and their lasting impact on the economy. Explore SBA's resources for women entrepreneurs and participate in the Women-Owned Small Business Federal Contracting Program. Learn more

National Disability Employment Awareness

Hiring individuals with disabilities can be a smart move for your business. Businesses can take advantage of financial incentives to make reasonable accommodations and offset the costs of workplace accommodations.

national mentoring

Help encourage and celebrate mentoring in all its forms. 

Make a difference. Read below on how you can become a SCORE mentor.

2023 National Small Business Week

Illustration of a trophy with text, 2023 National Small Business Week Awards. Now accepting nominations. The SBA logo is included.

SBA is accepting nominations for the 2023 National Small Business Week Awards, including the Small Business Person of the Year. Winners will be honored next May. 

Submit your nomination today!

Government Contracting

Government Contracting

Notice: VOSB verification will transfer from VA to SBA in 2023

As required by the National Defense Authorization Act (NDAA) of 2021, VA’s Center for Verification and Evaluation will be transferred to SBA effective January 1, 2023.

What this means for your business

  • There is no immediate action required for VOSB or SDVOSB verified small business owners at this time.
  • We will provide additional guidance for self-certified SDVOSBs. The 2021 NDAA permits self-certified SDVOSBs up to one year after the transfer to remain self-certified.
  • VOSBs or SDVOSBs verified by VA at the time of the transfer will not lose their status.
  • VA and SBA are committed to being transparent and providing a seamless transition with minimal impact to small businesses participating in the program.
  • Both agencies will keep all stakeholders, including VOSBs and SDVOSBs, updated on the new CVE processes.

You can learn more about this in our Frequently Asked Questions about the transfer of the Center for Verification and Evaluation to SBA.

For questions about CVE’s transfer to SBA, please email

Make a Difference, Become a SCORE Mentor

score mentor

SCORE is looking for people with diverse backgrounds and experiences to serve in a variety of roles — from knowledgeable business mentors to local community advocates. 

What you’ll do:

  • Advise small business owners and aspiring entrepreneurs
  • Guide clients in developing business plans and business growth
  • Share business knowledge, experience, and practical “know-how”
  • Inspire business owners to achieve their ownership dreams

Volunteer with SCORE

upcoming events

Upcoming SBA & SBA Partner Trainings

Tax Tips from the IRS

tax tips

Stay Updated

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