Financing

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The City of St. Louis Park is committed to assisting the establishment, growth and expansion of local businesses. If your business is located in St. Louis Park, the following programs and resources are available to you. 

City Financing Programs

The City of St. Louis Park offers the following financing programs:

  • The Revolving Loan Fund provides gap financing along with commercial lending to local businesses to help business owners grow and expand their companies in St. Louis Park. 
  • Property Assessed Clean Energy (PACE) offers an innovative way to finance energy efficiency and renewable energy upgrades to buildings.

Open to Business Program/Financing

Open to Business provides free business advisory services to St. Louis Park businesses and residents. It's offered through a partnership between the City of St. Louis Park and the Metropolitan Consortium of Community Developers (MCCD). MCCD provides loans for new and emerging businesses, loans for second stage and growing businesses and gap financing for real estate.

Other Small Business Financial Resources

These organizations provide financial assistance to businesses in the Twin Cities area:

  • CMDC Business Financing
    CMDC assists businesses with their business financing needs. They promote economic development by cultivating a financing environment that allows Minnesota small businesses to grow and prosper. To fulfill this mission, CMDC provides business loans and financing services to businesses and bank lenders. 
  • Minnesota's Angel Tax Credit
    Minnesota's Angel Tax Credit gives high-tech startups and businesses with new proprietary technology a financial lift by helping them attract crucial private capital.

  • Neighborhood Development Center (NDC)
    NDC is a non-profit, community development financial institution that provides flexible, risk tolerant loans, Sharia-compliant financing and other financial tools for start-ups and existing businesses.
  • Small Business Administration (SBA)-Financial Assistance
    SBA provides a number of financial assistance programs for small businesses including 7(a), 504 and disaster assistance loans. They have been specifically designed to meet a business’s key financing needs including the need for debt financing (loans), equity financing (investment/seed money), and surety bonds.
  • SPEDCO
    SPEDCO is a nonprofit certified development company dedicated to helping Minnesota small businesses obtain financing for job creation or business expansion. SPEDCO provides long-term, fixed-rate loans through the SBA 504 Loan program and 7(a) loan packaging consulting services.
  • St. Paul Port Authority
    St. Paul Port Authority provides business capital needed for metro area companies to expand, contributes to equipment financing, or provides advice on getting local lenders to serve a company's needs. The Trillion BTU Energy Efficiency Loan Program is a revolving loan program offered through the St. Paul Port Authority that leverages public and private money to help Twin Cities businesses make improvements to lower their energy costs.
  • WomenVenture
    WomenVenture is a U.S. Small Business Administration loan provider offering loans up to $50,000 to qualified borrowers to launch or grow small businesses.
  • Twin Cities Metro
    Twin Cities Metro is a nonprofit certified development company that stimulates the growth of small businesses by providing access to SBA loan programs. It partners with business owners and financial institutions throughout Minnesota.

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