DEED increases lending opportunities to entrepreneurs - Hometown Focus

STATEWIDE—The Minnesota Department of Employment and Economic Development (DEED) recently announced the final component of the $97 million State Small Business Credit Initiative (SSBCI): the Small Business Loan Participation Program. As part of the program, DEED will purchase 25 to 30 percent participations in loans made by approved Community Development Financial Institutions (CDFIs) and nonprofit

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