Learn More about CDFI's and Small Business Resources in Minnesota see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
African Development Center
CAPITAL CITY PROPERTIES
Community Reinvestment Fund, Inc
Dakota Futures, Inc.
Development Corporation for Children
Great Neighborhoods! Development Corp.
Greater Minnesota Housing Fund
Habitat for Humanity of Minnesota, Inc.
Indian Land Capital Company
Indian Land Tenure Foundation
Leech Lake Band of Ojibwe
Midwest Minnesota Community Development Corporation
National New Markets Tax Credit Fund, Inc
Neighborhood Development Center
Nonprofits Assistance Fund
University National Bank
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.