Minnesota Expanding Opportunity Fund Program

The Minnesota Expanding Opportunity Fund Program is a state-funded program providing low-interest loans to Minnesota nonprofit corporations, Tribal economic development entities, and community development financial institutions. Lenders can receive up to $600,000 at one time to provide loans to the small businesses they serve. Applicants must be CDFIs that are currently enrolled and active in one or more federally-funded state programs. The second and final round of awards are open to award the $3,450,000 balance of the $10,000,000 program.