Who can apply
DEED loan program for Minnesota businesses; part of a newer 'Promise' pair of programs alongside a matching Promise Act Grant Program.
What you get
A loan. The official page does not publish a fixed amount per award.
When to apply
Not yet confirmed. The official page gives the current dates.
How to apply
You apply directly with Minnesota Department of Employment and Economic Development (DEED), on the programme’s official page. Read its eligibility rules there first. This page is a summary we checked on Sep 24, 2026, and the official page wins if the two disagree.
More funding in Minnesota
Angel Tax Credit
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
State tax credit for investors backing a certified early-stage Minnesota business, helping it attract angel capital.
Emerging Entrepreneur Loan Program
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
State-backed loans for minority-owned and low-income-area entrepreneurs in Minnesota, delivered through local nonprofit lenders.
Launch Minnesota Innovation Grants
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
Minnesota's startup R&D and SBIR/STTR-matching grant program, run by Launch Minnesota/DEED, awarded through periodic competitive rounds.
Minnesota Investment Fund
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
State gap financing for expanding Minnesota businesses, delivered through a local government partner.
Minnesota Job Creation Fund
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
State pay-for-performance grants tied to job creation and capital investment by a Minnesota business.
Native American Business Loan Program
Minnesota Department of Employment and Economic Development (DEED) · Minnesota
State-backed loans for Native American-owned businesses in Minnesota.