Angel Loan Fund
Minnesota Department of Employment and Economic Development
U.S. CITIzens and residents
Minnesota's Angel Loan Fund Program (ALF) provided an additional funding option for businesses certified (or could have been certified) to participate in Minnesota's Angel Tax Credit Program.
- Receive $20,000 minimum loan amount, $250,000 maximum
- Funds may be used for start-up costs, working capital, business acquisitions and expansions, franchise financing, equipment loans, inventory financing, construction, and commercial, non-passive real estate acquisitions.
- Businesses certified to participate in the Angel Tax Credit Program during any of the program years with fewer than 500 employees.
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