Our goal is to help assist you on your journey. When we consider someone for a loan, we don’t just look at credit scores. We focus on your business’s ability to be profitable and sustainable. But like any lender, we do have some criteria that you need to meet to be eligible for a loan.

Applicants must meet the following criteria to be eligible to apply:

  • We ONLY accept applications from businesses registered in the state of Minnesota, or from the state of Wisconsin, from the following counties: Pierce, Polk, and St. Croix.
  • You must be a U.S. citizen or permanent resident (green card) and will be required to provide evidence.
  • Bankruptcy must be dismissed or discharged within 6 months to 5 years (subject to underwriting review).
  • If you have delinquent child support, outstanding collections and/or tax liens, you will be required to provide documentation proving you have set payment arrangements.
  • When underwriting a loan, we account for personal and business income. What we look for is the ability to afford business expenses, afford personal expenses, repay the debt, and operate profitably.  
  • All business partners with 20% or more ownership are required to personally apply for and guarantee the loan.

Loan uses

Our loans can be used to help start or grow your business. Eligible uses of our loan funds include (but are not limited to):

  • Leasehold improvements
    • Additions, alterations, remodeling, or renovations to your rented space
  • Inventory/Supplies
  • Machinery or equipment purchases
  • Working Capital
  • Debt Refinancing

Taina Burgos, Avivage Massage

The loan gave me the ability to make this place what I wanted—the aesthetics, the paint, the drapes, the rug—everything. The loan gave me a cushion to not have stress with this whole transition.

Taina Burgos, Avivage Massage


Our checklist helps you gather and keep track of the business documents you may need to submit as part of your loan application process.


Apply for a loan.