SBA Microloan

SBA Microloans provide flexible capital to meet unique business needs, ideal for businesses without extensive financial history.

Eligible Uses:

• Working capital
• Inventory purchases
• Equipment purchases
• Business startup and growth

Who It's Best For:

• Businesses without a financial history
• Entrepreneurs seeking flexible funding options
• Small businesses with limited access to traditional financing

Why It's Different: Microloans are the best option for businesses without a financial history. The funding options are more flexible than traditional SBA loans.

Geographic Scope: Minnesota and Wisconsin (29 counties and 12 Native Nations across both states)

Service Region Includes:

• Minnesota: Aitkin, Benton, Carlton, Cass, Cook, Crow Wing, Itasca, Kanabec, Koochiching, Lake, Mille Lacs, Morrison, Pine, Stearns, St. Louis, Todd
• Wisconsin: Ashland, Bayfield, Burnett, Douglas, Florence, Forest, Iron, Marinette, Oneida, Price, Sawyer, Vilas, Washburn
• Native Nations: Bad River Band of Lake Superior Chippewa, Bois Forte Band of Chippewa, Fond du Lac Band of Lake Superior Chippewa, Forest County Potawatomi, Grand Portage Band of Lake Superior Chippewa, Lac Courte Oreilles Band of Lake Superior Chippewa, Lac du Flambeau Band of Lake Superior Chippewa, Leech Lake Band of Ojibwe, Mille Lacs Band of Ojibwe, Red Cliff Band of Lake Superior Chippewa, Sokaogon Chippewa (Mole Lake), St. Croix Chippewa Indians of Wisconsin

Additional Services: All loans are paired with strategic one-on-one business advising at no additional cost.

Contact Information:

• Phone: 218-623-5747
• Email: info@efund.org
• Main Office: 202 W Superior St, Suite 311, Duluth, MN 55802

Application Process

1. Initial Assessment: Contact Entrepreneur Fund to discuss your business needs
2. Loan Readiness Check: Download and complete the free loan readiness checklist
3. Application Submission: Submit formal microloan application with required documentation
4. Guided Process: Client Resource Manager will contact you within two business days and guide you through each step
5. Advising Pairing: Upon approval, receive strategic one-on-one advising at no cost

Required Materials

Specific application materials not detailed on website. Contact EFund directly for comprehensive documentation requirements.

Contact for Application

• Phone: 218-623-5747
• Email: info@efund.org
• Online Form: Available at efund.org (in-person visits by appointment only)