Minnesota Offers Interest-Free Loans to Vetrepreneurs

minnesota business ownerThe Minnesota Reservist and Veteran Business Loan Program provides business loans to veterans who have returned from active duty and want to start their own business.


Start Up Business Loans
These loans are for recently service separated veterans seeking financial assistance to start their own small businesses.


Financing and Terms
Both types of loans provide one-time, interest-free loans of $5,000 to $20,000. The loan terms are 54 months, with no repayment for the first 18 months and equal monthly payments over the remaining 36 months. The financing comes from the program's revolving loan fund, which has a total of $400,000 available. Applications are accepted and loans disbursed until all funds are committed.


For More Information 
Contact Jeff Nelson at 651-259-7523 or email Jeff.M.Nelson@state.mn.us

 

To learn more about starting a business in Minnesota click here.

 

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Vetrepreneur

In this issue of Veterepreneur magazine, the National Veteran Owned Business Association honors Military Friendly Chambers.
In This Issue
In this issue of Veterepreneur magazine, the National Veteran Owned Business Association honors Military Friendly Chambers.

Contracting Opportunities Portal

This one-of-a-kind tool provides NaVOBA members an easy way to find corporate contracting opportunities to help their businesses grow. NaVOBA Corporate Members now have a an easy way to find the VOBs they seek and post requests for proposals (RFPs). You can use your BuyVeteran.com username and password to access this portion of the site. If you are not a BuyVeteran.com member you can join here.


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