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SMALL
BUSINESS DEVELOPMENT
Small business helps America’s economy thrive and remain
competitive. We believe in providing Mille Lacs Band Member entrepreneurs
with the opportunity to compete in that same market.
The
Corporate Commission’s Small Business
Development Program (SBDP) offers loans and assistance with business
development plans to qualified Band Members who understand the dedication
required to be an entrepreneur.
The
SBDP provides technical assistance, training and low-interest loans
to Band-member-owned businesses. Specific areas of training and
technical assistance include market analysis, business plan development,
accounting, management, marketing and financing.
The
SBDP offers loan options targeting various entrepreneurial needs,
including “micro” loans
(up to $5,000) to serve as seed money for home-based business development,
and “macro” loans (up to $75,000) for more extensive
start-ups and expansions. Loans are available to businesses that
are actively managed and owned (at least 60% ownership) by a Band
member.
Since
its inception in 1996, the SBDP has provided
loans to more than 30 businesses, including agricultural, construction,
service, retail and home-based enterprises. We are proud that our
SBDP program received national recognition in 2000 from the John
F. Kennedy School of Government, Harvard University, for excellence
in tribal governance in the area of economic development.
For more information, contact Sharon
James at 320.532.8817.
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