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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