Emerging Entrepreneur Loan Program

Administered by Minnesota Department of Employment and Economic Development (DEED) · Minnesota

BENEFIT

Up to $150K

Deadline type: rolling

Eligibility Requirements

1Businesses owned and operated by minorities, low-income persons, women, veterans, and/or persons with disabilities
2Loans ranging from $5,000 to $150,000
3Most loans require a 1:1 match from private sources
4Must be majority owned by underrepresented groups

Eligible Project Types

Small Business

STACKING POTENTIAL

Emerging Entrepreneur Loan Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Emerging Entrepreneur Loan Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Minnesota Department of Employment and Economic Development (DEED) official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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