COVID-19 Resources for Businesses
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Information Resources:

Relief Programs:

  • Minnesota Small Business Relief Grants
    • Applications will be accepted BY LAW FOR A 10-DAY PERIOD BEGINNING Tuesday, June 23 through Thursday, July 2.
    • This program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. Grant awards will be selected through a computer-generated, randomized selection process.
    • To qualify an applicant must:
      • Be a private for-profit business that has a permanent physical location in Minnesota.
      • Be majority owned by a permanent resident of Minnesota.
      • Be in good standing with the Minnesota Secretary of State and the Minnesota Department of Revenue as of March 1, 2020.
      • Employ the equivalent of 50 or fewer full-time workers.
      • Be able to demonstrate financial hardship as a result of the COVID-19 outbreak.
      • NOTE: Businesses that received funding under the Small Business Emergency Loan Program (SBEL) are NOT eligible for this program. (However, businesses that received funding through the various Small Business Administration emergency loan programs ARE still eligible for this program.)
    • For more information about this program, eligibility, FAQs, and to access an application , click on the link above.

Given these options, where should you start? MN DEED recommends the following steps:

  1. It is recommended you contact your insurance company. You may have access to benefits if you have paid into through your policy that could be helpful during this time.
  2. Call your bank. Your banker will have advice for you on:
    • Their own resources,
    • Any SBA programs they have access to, and,
    • They may refer you to local lending programs such as those available through nonprofits or loan programs available in certain cities or counties across Minnesota.
  3. If you have been denied credit by a bank or the SBA, you should call the approved lenders for the Small Business Emergency Loan Program (SMIF & CEDA locally) that serve your geography.
  4. If you do not use a bank and/or do not have insurance on your business:
    • You can call any of DEED's approved lenders for the Small Business Emergency Loan Program for possible access to the program and other resources available through DEED's lending partners.
    • You may also call a lender in the Small Business Loan Guarantee program, when those lenders are identified. Please not that these lenders are likely banks or local development organizations who have underwriting criteria.
    • You could call your city or Dodge County to see if they have a revolving loan fund that is available to your business. Please not that these revolving loan funds will have underwriting criteria.