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 St. Louis Park 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:
ADC provides training, technical assistance and commercial financing to Minnesota entrepreneurs.
AEDA works with business owners to start and grow their businesses by providing business planning, training and workshops, and loans.
Whether it’s to startup, operate or expand, DEED has business financing programs designed to help companies retain jobs, and create new high-quality jobs.
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.
MBFC is a private not-for-profit that originates SBA 504 loans for small businesses across Minnesota.
Export Assistance for Small Business (STEP). The STEP program provides financial and technical assistance to qualifying Minnesota small businesses with an active interest in exporting products or services to foreign markets.
MEDA offers working capital loans to customers that need financing which might not be available through traditional lending resources.
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.
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 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.
SPPA 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 SPPA that leverages public and private money to help Twin Cities businesses make improvements to lower their energy costs.
WomenVenture is a SBA loan provider offering loans up to $50,000 to qualified borrowers to launch or grow small businesses.
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.