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Funding

Every business needs funding in order to operate, from the owner putting in their own funds, to taking out a loan, to bringing on investors. We can help you decide which is right for your business, and make the introductions to help you get the funding you need.

Funding Sources

City of Owatonna
EDA Forgivable Loan

For businesses located in Downtown Owatonna, the EDA Forgivable Loan Program provides up to $20,000 in funding for building improvements.
Learn more and apply here.

City of Owatonna
Low-Doc Loans

Up to $25,000 low-interest loans for commercial real estate improvement in Owatonna.


Learn more and apply here.

Minnesota Angel
Investor Network

Have a business in the Upper Midwest and looking for Minnesota investors? 

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Click here to learn more.​

Southern Minnesota Initiative Foundation

Multiple loan opportunities for businesses, particularly for those historically underserved.


Click to learn more.

State of Minnesota
 

The Department of Employment and Economic Development (DEED) has multiple programs for your business.

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Click to learn more.

Launch MN
 

Launch MN has several funding options available, including Innovation Grants.


Click to learn more.

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Funding Partners

Contact us for a list of preferred local lenders.

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Venture Capital

There are a number of investment funds and groups in the state that we work with. Connect, and we can refer you to the groups that would be the best fit.

Grant Writing

If you have a grant you want to apply for, but don't know how to, we can refer you to professional grant writers to assist you!

Contact us to connect.

Connect

OABDC
1065 24th Ave. SW
Owatonna, MN 55060

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