Minnesota Chippewa Tribe Business Loan Program
The Minnesota Chippewa Tribe Business Loan Program provides financing to enrolled members for businesses located within the state of Minnesota.
Three types of loans are available: Business Loans, Micro Loans, and Commercial Real Estate Loans. Underwriting requirements and application processing fees apply to all loan types.
Click Here for Products & Services Matrix
Business Loans: $5,000 - $150,000, 4%-7% interest rates. Loan uses include starting a new business, purchase/expansion of an existing business, equipment or inventory purchase, and/or refinancing of existing business debt. $100 processing fee applies.
Micro Loans: $500 - $5,000, 7% interest rate. Loan uses include starting a new business, and equipment or inventory purchase. $25 processing fee applies.
Commercial Real Estate Loans: $5,000 - $150,000, 4%-7% interest rates. Loan uses include purchase or improvements of real estate for business use, and/or refinancing of existing business debt. $100 processing fee applies.
Click Here for Business Loan Application
Click Here for Business Loan Application Instructions
Business Development Technical Assistance
Technical Assistance is also available to MCT enrolled members in the following areas:
• Business Plan Development
• General Business Counseling
• Business Loan Packaging
• Minority Certification Assistance (state, federal)
Click Here for Request For Management and Technical Assistance Form
To begin the loan process, and/or to request technical assistance, complete the online forms, and submit via regular mail, e-mail, or fax to (218)335-6925, ATTN: MCT Business Development Center. Please contact the center should you have any questions.
MCT Business Development Center staff:
Jeff Brunelle - Economic Development Director
Phone: 218-335-8582, Extension 116
Judi Helmin - Business Development Specialist
Phone: 218-335-8582, Extension 118