MnDOT Loans

WomenVenture has been appointed to administer MnDOT's Working Capital Loan Fund for certified Disadvantaged Business Enterprises (DBE). We can help you with loan readiness and the MnDOT loan application, as well as provide financial training, support, and assistance.

MnDOT Loan Terms:

  • Loans are available up to $25,000 per contract (or 50% of the contract, whichever is less)
  • Loans are available for each MnDOT contract you hold, up to a total of $60,000
  • The annual interest rate will be no more than 8%
  • There will be filing fees (as applicable), but no loan origination fees
  • The timescale for loan approval is 3 - 6 weeks from loan application to disbursement
  • The loan must be repaid no more than 120 days after payment of your last project invoice

I Want More Information

Interested in applying for a loan? We’ll walk you through the 3 parts of completing our loan application.

I am Ready to Apply

If you have a MnDOT contract already, you can apply for a loan up to $25,000 from the Working Capital Loan Fund. If you have any questions about the loan application process, contact Tania New at tnew@womenventure.org.