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Finance Assistance
Small Business Support

Finance Assistance

  • Emergency Fund Crime Victim Application Form – click here
  • Check on the status of your Economic Impact Payment – click here
  • Recovery dashboard launched to help businesses quickly navigate the available resources from federal, state and local resources. Learn more at RamseyCountyMeansBusiness.com.
  • During this pandemic, some requirements for essential programs and services have been waived or modified to allow Minnesotans to receive the support they need. Learn more about the temporary waivers from the Minnesota Department of Human Services.
  • Financial Supports for College Students: To help college students, students with children, and families remain financially whole during the pandemic, students will continue to receive current state financial aid payments, even if they withdraw from classes. This includes being paid for scheduled work study hours and child care grants they were depending on. More information can be found at: State Financial Aid Guidance during COVID-19.
  • The Twin Cities Hospitality and Events Workers’ Relief Fund supports workers who have lost income due to business closures and event cancellations related to the COVID-19 outbreak. Learn more here.
  • Tax Relief Programs for families with children in K-12: K-12 Education Subtraction and K-12 Education Credit – click here

Small Business Support

  • The Small Business Association’s Minnesota office is holding virtual trainings to help small businesses and entrepreneurs understand business basics. Classes will help you better plan for and manage your small business and subject include understanding organizational types, banking service, building credit, record keeping, tax prep, managing cash flow and more – click here
  • The Saint Paul Port Authority is providing small business loans to St. Paul-based businesses impacted by COVID-19. Business owners can apply for loans up to $50,000. Loan details: 3-yr term w/ 2% interest rate; interest-free for 3 months; no payments due for 6 months; and no pre-payment penalties. For more info and to see if you qualify, click here
  • Small Businesses grants from Business for All: click here
  • Federal resources include:
  • The City of St. Paul has created an interactive online calculator that will help small business owners easily calculate 50% occupancy capacity based on square footage. This tool is meant to provide an estimated calculation of modifications necessary to reduce your occupancy load by 50% as you prepare your plan to comply with Governor Walz’s Order #20-56. This estimate should not be considered binding or relied upon for fire code or exiting purposes. If you need further guidance please contact 651-266-8989.
  • A new Federal Resources for U.S. Small Businesses website is now available. Visit the official federal resource website for U.S. small businesses affected by COVID-19. You can view relevant federal agency resources, access the latest news, and search for a Small Business Advisor near you.
  • Majority-women owned and led businesses and nonprofits in the U.S. are eligible to apply for The Red Backpack Fund by Spanx founder, Sara Blakely. Applications will be accepted during pre-set periods from April through August 2020. Every month, GlobalGiving will vet applications and select 200 new Red Backpack Fund grantees until funds run out. All grantees will receive $5,000, a “lucky” red backpack and a free all-access pass to 80+ MasterClass, which includes Sara Blakely’s class on entrepreneurship. For full eligibility criteria, see the FAQs.
  • Salesforce Care Small Business Grants: Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. For more information click here.
  • Apply for the the We Love Saint Paul and We Love Midway funds. These emergency funds were set up in partnership between the Saint Paul Area Chamber of Commerce, the Midway Chamber of Commerce, and the Saint Paul Downtown Alliance in order to provide direct support to small businesses and nonprofits impacted by the unrest that followed Mr. Floyd’s death. Apply by filling out the application found here. Grants will be awarded on a rolling basis until the funds are exhausted.
  • Save Small Business Fund. The U.S. Chamber of Commerce Foundation – in partnership with Vistaprint and a coalition of supporting companies, foundations, and philanthropic donors – has launched the Save Small Business Fund. The Fund will provide $5,000 grants to help as many businesses as possible meet their most pressing needs — from rent, making payroll, or for overall business operations.
  • Minnesota businesses that sustained extensive property damage in the civil unrest following the death of George Floyd are now able to apply for disaster assistance through the U.S. Small Business Administration (SBA). The SBA’s Business Physical Disaster Loan program provides businesses of all sizes with working capital loans of up to $2 million to help property owners repair and replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Businesses in the affected areas of Hennepin, Anoka, Carver, Dakota, Ramsey, Scott, Sherburne and Wright county may apply for a loan at here.
  • Ramsey/Washington Business Pollution Prevention Program: Up to $50,000 to help businesses transition to safer, more sustainable chemicals and modern, high efficiency equipment. No deadline – click here.
  • Ramsey county Landlord Assistance: The Ramsey County Landlord Assistance program provides one-time grants to landlords for up to $20,000 per rental unit for tenants’ missed rent payments and/or unpaid fees from March 1, 2020 through December 30, 2020 due to COVID-19- click here.