Southern Minnesota Initiative Foundation

Southern Minnesota Initiative Foundation

 

Building Blocks Loan Program: Child Care Providers

Contact:

Diane Lewis, Business Lending Director
507-455-3215

Description: 

This loan program supports the business of family child care by providing financial resources and technical assistance to help expand or enhance licensed child care business in southern Minnesota.

Eligible Use of Funds: 

Start up or expansion costs; Code requirements; Repairs, renovations or upgrades; Furniture and equipment; Educational toys and materials; Playground equipment; Curriculum; Become licensed family child care provider

Learn More:  

http://www.smifoundation.org/sites/default/files/regions/Building%20Blocks%20Loans.pdf

 

Business Loan Program

Contact:

Diane Lewis, Business Lending Director
507-455-3215

Description:

This loan program works in partnership with local lending institutions, economic development organizations and government agencies to help “fill the gap” between available and necessary financial resources.

Eligible Use of Funds:

Building acquisition; Expansion; Machinery/Equipment; Inventory; Working Capital

Learn More:

http://www.smifoundation.org/sites/default/files/docs/Business_Loan_Fund_Fact_Sheet.pdf

 

Small Enterprise Loan Program

Contact:

Diane Lewis, Business Lending Director
507-455-3215

Description: 

This loan program supports small business owners and start-up entrepreneurs primarily in the areas of retail, service, local foods, and manufacturing.

Eligible Use of Funds:

Inventory; Supplies; Working Capital; Machinery/Equipment

Learn More:

http://www.smifoundation.org/sites/default/files/docs/Small_Enterprise_Loan_Fact_Sheet.pdf

 

Seed Fund Program

Contact:

Diane Lewis, Business Lending Director
507-455-3215

Description:

This loan program supports start- up stage business that need capital, business expertise, and networking opportunities. This fund helps companies perform research and analysis, patent opinions and filings, and product testing and analysis.

Eligible Use of Funds:

Prototype development and testing; Market development; Research and analysis; Organizational development; Product testing and analysis; New product tooling and fixtures; Engineer drawings; Working Capital; Patent opinions and filings

Learn More:

http://www.smifoundation.org/sites/default/files/docs/Seed_Fund_Fact_Sheet.pdf

 

Community Growth Initiative

Contact:

Pam Bishop, Senior Program Officer
507-455-3215

Description:

This program supports asset-based community development efforts that lead to economic growth and prosperity. The process uses asset mapping as a tool for understanding community resources and engaging residents in developing a shared vision.

 Eligible Use of Funds:

Early Childhood Development, Entrepreneur Development.

Learn More:

http://www.smifoundation.org/sites/default/files/docs/community_growth_initiative.pdf