Elevate Hennepin Small Business Loans

In 2024 Hennepin County, committed $4.22 million to create more equitable access to capital. The financing opportunities are available through a competitively selected nonprofit community-based lender NextStage.  The small business loans are low-barrier financing for startups and established businesses underserved by traditional lending.

This loan is a good fit for you if you can answer YES to the following questions:

• Are you a for-profit registered in the State of Minnesota?
• Are you located within Hennepin County?
• Can you demonstrate hardship and need for financing to launch, sustain or grow your business?

If you answered YES to all these questions, you should consider learning more about the Elevate Hennepin Small Business Loan! 

Elevate Hennepin has provided NextStage with $1.1 million of dedicated loan capital to supplement its lending capacity and enhance services to new and growing small business ventures in Hennepin County. These funds will be deployed as direct loans to borrowers unable to access business financing from traditional capital markets, and in participation with banks and other community lenders to leverage private capital click learn more to learn about Direct Lending and Participation Lending through NextStage.