Leverage Interest-Free Loans for Your Small Business
Interested in environmental improvements? Explore the MPCA’s small business environmental improvement loans program.
The Minnesota Pollution Control Agency (MPCA) offers a valuable program to help small businesses like yours: Zero-Percent Interest Loans.
This program provides funding for projects that help businesses meet or exceed environmental regulations, reduce waste and emissions, and improve overall environmental performance.
Key Benefits:
• No Interest Payments: Eliminate interest payments and maximize your return on investment.
• Flexible Repayment Terms: Repay the loan over a period of seven years.
• Support for a Wide Range of Projects: Funding is available for projects such as equipment upgrades, pollution prevention technologies and environmental site assessments.
• Collateral Flexibility: The program offers a variety of acceptable collateral options.
Who is Eligible?
• Small businesses in Minnesota with less than 100 full-time employees (including sole proprietorships, partnerships and associations).
• Businesses with the potential to emit air, water or ground pollutants.
• Businesses requiring capital to purchase equipment for environmental compliance or for site investigation and cleanup.
• Businesses with after-tax profits under $500,000.
Application and Evaluation:
The MPCA is currently accepting applications. Decisions are based on:
• Your ability to repay the loan.
• The environmental benefits of your project.
A review committee of environmental and financial experts evaluates each application within 45 days.
Ready to Get Started?
• Visit the MPCA Small Business Loan Program website at pca.state.mn.us/grants-and-loans/small-business-environmental-improvement-loans for details on eligibility, application procedures and program guidelines.
• Contact Emery David at (651) 757-2366 or email: smallbizfunding.pca@state.mn.us with any questions you may have.
You can also contact the MPCA Small Business Environmental Assistance Program for confidential assistance on regulatory matters at: (651) 282-6143 or e-mail smallbizhelp.pca@state.mn.us.
Want more? Check out the February 2025 issue of AASP-MN News!