East Town Business Partnership

Serving the Downtown East and Elliot Park Business Community since 1979

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Serving the Downtown East and Elliot Park Business Community since 1979
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Minnesota Small Businesses NOW Eligible for SBA Disaster Loans! Training’s offered this weekend to help you apply.

March 21, 2020 By EDC

  • Minnesota Small Businesses Now Eligible For SBA Economic Injury Disaster Loan Program
  • This Weekend: Loan Training for COVID-19 Related Economic Disruptions
  • Info from SBA Partners and Sister Agencies
  • Stay Updated

Minnesota Small Businesses Now Eligible For SBA Economic Injury Disaster Loan Program

Thanks to a concerted effort by the state of Minnesota and the SBA to contain the economic impact of Coronavirus, the state’s small businesses are now eligible for the SBA Economic Injury Disaster Loan Program and can apply for a loan on our website at SBA.gov/disaster.

  • This program can provide low-interest loans of up to $2 million to small businesses and private non-profits.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills.
  • The current interest rate is 3.75% for small businesses. The non-profit rate is 2.75%.
  • These loans have long-term repayment options, up to a maximum of 30 years.
  • Need help filling out the application? Access these step-by-step instructions

Apply Online


This Weekend: Loan Training for COVID-19 Related Economic Disruptions

Join us and learn about the SBA’s Economic Injury Disaster Loan program.

Saturday, March 21, 1 p.m.; Register

Sunday, March 22, 11 a.m.; Register 

en Espanol
Saturday, March 21, 12 p.m.; Register

These trainings will cover program eligibility, use of proceeds, terms,filing requirements, additional small business resources. After registering you will receive the Skype webinar log in information.

Can’t make one this weekend?

The SBA’s Minnesota District Office will be hosting these twice a day, starting Monday at 9 a.m., until demand is met. Visit www.sba.gov/mn for more calendar dates and information on other resources available to help small businesses during this challenging time.


Info from SBA Partners and Sister Agencies

We will continue to share additional resources as they become available.  This is by no means an all-inclusive list, but we hope it gives you a good starting point to get the help you need to deal with the crisis at hand.

Local Partner Info

  • SBA Resource Partners are ready to help with no-cost, one-on-one business counseling regarding COVID-19.
  • Entrepreneur Fund has COVID-19 Updates & Resources and offering 30-minute consult with a Lender or Advisor by email or phone.
  • WomenVenture is open, ready to help and has created a COVID 19 Update Hub with details.
  • Minnesota DEED has created a Covid 19 webpage with Minnesota specific information to help small businesses.
  • WBDC/WBENC  Covid 19 resources for Women Owned Businesses

Federal Program Info

  • For information on all federal programs, visit www.usa.gov/coronavirus or https://www.usa.gov/espanol/coronavirus (en Español).
  • The IRS has established a web page to help taxpayers, businesses and others affected by the coronavirus.
  • The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus, including use of Family Medical Leave
  • New guidance outlines flexibilities that states have in administering their unemployment insurance programs to help Americans affected by coronavirus.

Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

If this newsletter was forwarded to you, sign up now to make sure you get  additional information as it becomes available via sba.gov/updates.

We will also be posting information on Twitter (@SBA_Minnesota) as it becomes available. Join us there.​

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Filed Under: Announcement

NEWS YOU CAN USE

The East Town Business Partnership Announces Shannon Fitzgerald as Next Executive Director

The East Town Business Partnership Board of Directors is pleased to announce the selection of its new Executive Director—Shannon Fitzgerald. … [Read More]

Hennepin County Attorney Candidate Forum on July 27

The Minneapolis Downtown Council, the Minneapolis Regional Chamber of Commerce, and the Greater Minneapolis Building Owners and Managers Association … [Read More]

Presentation and Zoom Recording now available from the June Business Forum

Thank you to everyone who attended the June 16, business forum, whether in person or online via Zoom.  The Business Spotlight featured two … [Read More]

It’s time to renew your East Town Business Partnership Membership!

As a member of the East Town Business Partnership, your voice and your insight are critically important to our leading our efforts to make this a … [Read More]

What’s Happening on Facebook

East Downtown Council | Minneapolis, MN

Serving the Downtown East and Elliot Park (DEEP) business community since 1979.

News You Can Use

The East Town Business Partnership Announces Shannon Fitzgerald as Next Executive Director

The East Town Business Partnership Board of Directors is pleased to announce the selection of its new Executive Director—Shannon Fitzgerald. Fitzgerald will take over for Dan Collison after Collison’s 10+ years of service to the ETBP. In addition, Shannon will continue the strategically designed shared staff model between the ETBP and the mpls … [Read More]

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