|Resources For Businesses
SIBLEY COUNTY SMALL BUSINESS COVID- 19 RELIEF GRANT PROGRAM
Emergency Loan Information
- Eligibility Requirements - Click HERE
- Application - Click HERE
- Minnesota Department of Employment and Economic Development (DEED) announced a Small Business Emergency Loan program to help business owners who are experiencing temporary cash flow shortages as a result of statewide orders to close restaurants, bars and other select public services. Because of our long history of partnering with DEED in other lending programs, Southern Minnesota Initiative Foundation (SMIF) was chosen as one of nearly two dozen statewide organizations to accept Small Business Emergency Loan applications. Businesses located in SMIF's 20-county region must submit applications directly to our SMIF lenders. See contact information below .
- While the outline of DEED's Small Business Emergency Loan program is available online, agency staff still are developing application approval criteria. For the time being our lenders are accepting applications and recording them in the order in which they are received. Loan consideration will start when DEED provides application approval criteria. SMIF will require additional documentation before a loan application can be processed. We also strongly encourage applicants to confer with their bank about possible accommodations on existing loans.