The Entrepreneur Fund was recognized by the U.S. Small Business Administration (SBA) as its top Minnesota microlender from July 1, 2016 to June 30, 2017. Eleven small business lenders from around the state were recognized and received awards at the 5th Annual Lenders Conference.
“This recognition is truly an honor for the Entrepreneur Fund.” said Shawn Wellnitz, CEO of the Entrepreneur Fund. “Funding from the SBA makes so much of our work to support regional business owners possible.”
The Entrepreneur Fund provided 65 SBA Microloans for a total of $1,534,242. SBA Microloans are loans up to $50,000. Borrowers receive access to operations and strategic consulting, at no-cost to them, by staff with entrepreneurial experience and a team of expert consultants in human resources, marketing, and accounting.
“Minnesota is truly fortunate to have so many lenders working across the state to help small businesses access the capital they need to start, grow and succeed,” said Nancy Libersky, the SBA’s Minnesota district director. “SBA loan programs help them be an even greater asset to their communities by guaranteeing large portions of their small business loan portfolios. As we honor these 11 lenders for their SBA successes, we also thank all of SBA’s banking partners here in Minnesota.”