Northeast Entrepreneur Fund, Inc.

8355 Unity Drive, Suite 100
Virginia MN, 55792


Northeast Entrepreneur Fund is a microenterprise and small business lender that has served predominantly rural northeastern Minnesota for 10 years. It is a recognized leader in its field, particularly for its success in measuring the impact its activities have had in affecting the success of businesses.

CDFI Awards for Northeast Entrepreneur Fund, Inc.


CORE (1999) - $368,000

The CDFI Fund"s $300,000 capital grant will help the organization expand its lending and provide more flexible loan products to both microenterprises and small businesses in its seven county service area. The Fund"s $68,000 technical assistance grant will help NEF improve its ability to track its impact on its target market.



CORE (1997) - $285,000

A CDFI Fund grant of $250,000 and a technical assistance award of $35,000 will allow the Entrepreneur Fund, which has operated its microenterprise fund since 1989, to make small business loans.



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