West Central Initiative is administrating MN DEED’s Small Business Emergency Loan Program (COVID-19), and there is still money available for businesses that qualify. The program seeks to provide a source of working capital to help businesses sustain operations during this challenging time. Interested businesses should first determine their eligibility by going to the DEED website: https://mn.gov/deed/business/financing-business/deed-programs/peacetime/ and click on the eligibility tab. Interest free loans range from $2,000 to $35,000 and are based on economic injury and financial need. Loan payback is 5 years with the first payment deferred 6 months. Partial forgiveness of the loan may be available. All submissions and queries should be routed through: loans@wcif.org .

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