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Minnesota’s Angel Tax Credit Program

by Jackie S on January 30th, 2014

DEED

The MN Department of Employment and Economic Development is now accepting applications for the Angel Loan Fund Program.  Minnesota’s Angel Loan Fund Program (ALF) provides a new funding option for businesses certified to participate in Minnesota’s Angel Tax Credit Program.  Any business that has previously been certified in the Angel Tax Credit Program may apply.

Eligible Use of Funds
Funds may be used by businesses with fewer than 500 employees, for start-up costs, working capital, business acquisitions and expansions, franchise financing, equipment loans, inventory financing, construction, and commercial, non-passive real estate acquisitions.

To Apply
visit:
http://mn.gov/deed/ssbci

For More Information
Contact
Lisa.Dargis@state.mn.us
651-259-7446 or 800-657-3858

View a full ALF program fact sheet.

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