Minnesota Loan Guarantee Program

The MNLGP provides an 80 percent loan guarantee loans originated by community banks, credit unions, Community Development Financial Institutions (CDFIs) and nonprofit lenders. The maximum guarantee is $800,000. Eligible loan uses include most business purposes. The program expands access to capital by waiving the enrollment fee for loans that are made to underserved businesses both as an incentive to make these loans and to lessen the likelihood that the fee will be passed on to the borrowers.