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More Minnesota banks get federal small business loan funding

The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.
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The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.

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Related

State awarded $15.5M in federal small business funding

Minnesota has been awarded $15.5 million in federal funding to offer small businesses loans in hopes of boosting the local economy. The money is part of President Obama's Small Business Jobs Act, which was signed into law last year.

Press Release: State to provide $100 million in loans to boost small businesses

Gov. Mark Dayton pledges $100 million in new direct lending money to job creators. He makes the announcement after Tuesday's Jobs Summit in St. Paul. The added funds will go to qualifying Minnesota banks to distribute as business loans. Dayton says the move will double the state's investment in Minnesota small businesses.

Federal funds will bolster Minnesota small business

When Minnesota entrepreneurs are in need of cash, many of them end up in the offices of local non-profits. Some of state's most generous non-profits when it comes to business lending are getting $4.5 million from the federal government to help out Minnesota businesses.

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