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Business Development - Entrepreneur Fund

Report

Resource Name:Business Development - Entrepreneur Fund

address

551 Hat Trick Avenue, Eveleth, MN 55734

Eligibility

Serves residents of:
  • Aitkin, Benton, Carlton, Cass, Cook,Crow Wing, Itasca, Kanabec, Koochiching, Lake, Mille Lacs, Morrison, Pine, Saint Louis, Stearns, and Todd counties
  • Bois Forte Band of Chippewa nation, Fond du Lac Band of Lake Superior Chippewa nation, Grand Portage Band of Lake Superior Chippewa nation, Leech Lake Band of Ojibwe nation, and Mille Lacs Band of Ojibwe nation

Required documents

Application

Hours

  • 8 am - 4:30 pm Monday - Friday
  • In-person office visits are by appointment only
(218)623-5747

Voice

·

Intake

Application process

Call to discuss options and next steps

Fees

Fees vary by service

Service area

Carlton County, MN Cass County, MN Cook County, MN Crow Wing County, MN Itasca County, MN Koochiching County, MN Lake County, MN Morrison County, MN Pine County, MN Saint Louis County, MN

Educational Program - Programs provided by entrepreneurs for entrepreneurs to help with business skills, connections, and potential growth, including workshops and training. For current programs, click here

Loans and Advising -  Loans with no-cost advising. Loans offered:

- City of Cook Economic Recovery Fund: Loan for local business in the city of Cook who are recovering from the summer 2024 flood

- Gap Financing: Loan covers the “gap” between various sources of funding and the total cost of the project. Used for commercial real estate projects, such as mortgage or major renovation and has more flexibility than traditional lenders

- Healthy Food Fund: Specialized loan for local food retailers and producers that helps with replacing dated equipment, investing in technology, expanding business, purchasing inventory, hiring staff, updating building, purchasing new or existing store, and more

- SBA Microloan: Start up loan for working capital, inventory, or equipment purchase

- Working Capital Loan: Loan provides access to cash for various projects and investments such as marketing campaigns, purchased inventory, upgrade equipment, or expand business operation.

Last Assured

06/04/2025

Providing organization

Entrepreneur Fund

Supports entrepreneurs to start and grow small businesses that create steady incomes for themselves and others, and renew the entrepreneurial culture in the region.