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MCCD outlines free business advising and gap-financing options for Minnetonka entrepreneurs
Summary
Tyler Hulsbeck of the Minnesota Consortium of Community Developers described the Open to Business program: free technical assistance, language-capable advisors, startup loans up to $50,000, gap financing and loans up to $350,000, and a 7% interest cap to keep costs affordable for small businesses.
The Economic Development Advisory Commission heard a presentation from the Minnesota Consortium of Community Developers (MCCD) about the organization’s Open to Business program and lending products for local entrepreneurs.
Tyler Hulsbeck, director of small business development at MCCD, said the nonprofit provides free one-on-one technical assistance, webinars, walk-in consultations and a lending program designed to serve micro-enterprises and underserved…
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