The Southwest Minnesota Foundation's Loan Programs
are about creating a vibrant economy, providing quality employment
opportunities, nurturing the entrepreneurial spirit, and improving
the quality of life in southwest Minnesota. They are one of
the many ways the Foundation accomplishes its mission of facilitating
opportunities for economic, social and cultural growth.
the Foundation awarded a total of 43 loans to businesses located
in 14 of the 18 southwest Minnesota counties. The Foundation
assisted a wide variety of businesses ranging from small, hometown
grocery stores, to recreation & tourism-type businesses, to
manufacturing and service industries. These loans helped
create or sustain nearly 360 jobs.
loan programs not only help achieve our priority of promoting business
and economic development, but they also help accomplish our goals
of creating inclusive communities (three loans were awarded to minority
borrowers and 11 to female borrowers), connecting youth and communities
(Sandy Van Hunnik's Daycare and the Mesabi Academy) and promoting
productive aging (Prairie House Supportive Living Residence).
all about the people!
Awarded in 2003
to Apply for a Loan
to Apply for a Micro-Enterprise Loan