Resources

INFORMATION FOR START-UP BUSINESSES

CAPITAL RESOURCES FOR NEW AND EXISTING BUSINESSES

SCEIC provides a wide range of information and resources from a variety of providers and sources (federal, state, local government and private) to existing and new businesses in Stevens County.

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INFORMATION FOR START-UP BUSINESSES

Guide To Starting a Business In Minnesota

HOW TO START A BUSINESS. The “Guide to Starting a Business in Minnesota” provides a concise summary discussion of major issues, questions and concerns that are most commonly raised by those contemplating a business start-up”.

Please follow this link to order a CD of the Guide to Starting a Business in Minnesota

Basic Business Start-up information (downloads)

Basic Steps to Going Into Business (MS Word Document)

Business Information Links (MS Word Document)

Business Plan Sample (MS Word Document)

Business Plan Workbook (pdf Document)

Glossary of Financial Terms for Business (pdf Document)

Personal Financial Statement (MS Word Document)

Pitfalls To Avoid (OR whoops!!! what NOT to do) (MS Word Document)

Business Plan and Financial Statement Information and Templates (download)

SCORE (Service Corps of Retired Executives), provides free Business Plan and Financial Statement templates and information on the SCORE web site. These templates are important for the development of a well thought-out business start-up.

Library Resouces for Business Information

Morris Public Library Small Businesses References

West Central Minnesota Small Business Development Center

The West Central MN Small Business Development Center (SBDC) offers individualized training and resources in most cases free of charge to small business owners in West Central MN.

SBDC business consultants will be at the SCEIC office on the fourth Wednesday of each month from 10 AM to 2 PM. Meeting with an SBDC consultant is without cost to the business owner/ potential business owner.  Scheduled appointments with SBDC consultants are recommended, walk-ins are welcome.

Contact SBDC at sbdc@cord.edu or (218) 299-3037

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CAPITAL RESOURCES FOR NEW AND EXISTING BUSINESSES

SCEIC administers a Revolving Loan Fund (RLF) to provide capital lending to new and existing businesses in Stevens County. The SCEIC RLF loan programs are:

Gap Financing
Business Assistance
Storefront Renovation
Micro Loan

Gap Financing Loan Program

SCEIC provides financial assistance to targeted business sectors in Stevens County with its Gap Financing Loan Program. Gap Financing loans provide the necessary funds when the need of money is greater than the availability of money from a commercial lender and the owner’s equity. Gap financing is 2nd security position lending at below market rates with long terms to qualified businesses for real estate, building and renovations, machinery and equipment, fixtures and furniture, and working capital. The Gap Financing Loan Program is available county-wide. Applications can be downloaded and completed; then, emailed, mailed or delivered in person to SCEIC.

Gap Financing Loan Application (MS Word)

Business Assistance Loan Program

SCEIC provides financial assistance to targeted business sectors in Stevens County with its Business Assistance Loan Program. Business Assistance loans provide the necessary funds to assist business to expand, renovate, or for other business needs.

Business Assistance Loan Application (MS Word)

Store Front Renovation Loan Program

SCEIC provides loans for up to $50,000 at fixed rate and fixed term. Business Assistance loan proceeds can be used for renovations to a building’ interior, energy efficiency upgrades, and building code and ADA compliance or other business financing needs that if not made available could result in the business closing. The Business Assistance Loan Program is for businesses within the City of Morris. Applications can be downloaded and completed; then, emailed, mailed or delivered in person to SCEIC.

Storefront Renovation Loan Application (MS Word)

Micro loan Program

SCEIC’ provides Micro Loans for less than $5,000 to start a business or for other uses by smaller businesses. The Micro Loan Program is for businesses in the City of Morris. Applications can be downloaded and completed; then, emailed, mailed or delivered in person to SCEIC.

Micro Loan Application (MS Word)

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ECONOMIC DEVELOPMENT AUTHORITY (EDA) LOAN PROGRAMS

City of Morris and the City of Morris Economic Development Authority

City of Morris and the City of Morris Economic Development Authority lending and other business assistance programs are administered by the Stevens County Economic Improvement Commission, Inc. Additional information can be obtain by contacting the Morris City Manager.

City of Chokio Economic Development Authority (EDA)

City of Chokio Economic Development Authority lending and other business assistance programs are administered by the Stevens County Economic Improvement Commission, Inc. Additional information can be obtained by contacting the Chokio City Clerk, Box 36, Chokio, MN 56221, (320) 324-7450.

 

SCEIC is not a government entity and does not provide legal or accounting services

 SCEIC IS AN EQUAL OPPORTUNITY PROVIDER AND EMPLOYER