Loan Info

The City of Owatonna, through the Economic Development Authority, has a number of EDA loans available. Please review the following website to find more information or call Doug at 507-451-0517.

http://owatonnadevelopment.com/business-growth-and-expansion/financing_incentives/

There are also opportunities to receive loans from the Southern Minnesota Initiative Foundation. Please review the following website to find more information or call Marcia at 507-455-3215.

http://www.smifoundation.org/entre.php?sec=2 

The Small Business Administration has many different Loan Programs. The two most frequently used are the 7a and 504 Loan Programs. Please review the following website or call Doug at 507-451-0517 for more information.

http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sba-loan-programs 

There may be other options available to your specific application. Please call Doug at 507-451-0517 or use the "Contact Us" link for more information