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Hennepin County Small Business Relief Program

May 1, 2020 by Staff
Copeland Buhl

In order to provide support to businesses impacted by COVID-19, Hennepin County implemented the Small Business Relief Program which was “designed to help small local businesses meet immediate financial needs.” This program provides emergency forgivable loans up to $7,500 to pay for critical operating expenses, such as:

  • Utilities
  • Rent/Mortgage payments
  • Payments to suppliers
  • Other necessary expenses

Eligibility requirements include:

  • For-profit businesses
  • Locally owned and operated
  • Have a physical establishment in Hennepin County
  • Have 1-20 employees
  • Have under $1million in annual revenue
  • Have been financially impacted by COVID-19

Applications are due by noon on May 8, 2020. If applications exceed the funding available, the fund administrator will select loan recipients using a lottery system.

For more information:

https://www.hennepin.us/economic-development/programs/Emergency-relief?mc_cid=13dc9999e7&mc_eid=03b3d6e509