Business Financing

Micro-Lending Fund

USDA-backed funding with business assistance for start-up/expansion in ten counties in central Minnesota-Cass, Crow Wing, Chicago, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Todd and Wadena.  Funding offered in partnership with East Central Regional Development Commission.  Funding in smaller amounts, no bank participation required. Loans from $1,000 to $50,000, 25% owner’s equity injection required; 1 job created/retained for each $10,000 lent.  Technical assistance included to streamline business practices.  USDA guidelines apply.

North Central Economic Development Association Revolving Loan Fund (Gap)

The North Central Economic Development Association (NCEDA) is a local non-profit corporation established with federal and local dollars through the Region Five Development Commission.

A key piece in the economic development puzzle is business financing Minnesota business loan funds. North Central Economic Development Association (NCEDA) offers gap financing for fixed assets and working capital for new and expanding businesses in Cass, Crow Wing, Morrison, Todd, and Wadena counties.

Emerging Entrepreneur Loan Program (ELP)

MN Department of Employment & Economic Development (DEED) provides funds to a network of non-profit lenders which use these funds for loans to start-up and expanding businesses throughout the state.

Lending Brochure


Download and complete the fillable application and email to

OR mail to Stephanie Barney, 200 1st Street NE, Suite 2, Staples MN 56479 


Motley Loan Development Organization (LDO) Program

North Central Economic Development Association (NCEDA) has $177,901.89 in funds to lend to businesses to promote economic activity in the region. Learn more.