The Sheridan Neighborhood is providing funds to help commercial properties that serve the Sheridan Neighborhood make interior and exterior improvements through our Small Business Loan Program.

Loan Details:

The Interest Rate: 2%

Loan Amount: up to $10,000

No matching requirements

Term: Up to 5 years

Eligible Properties: Commercial properties that serve the Sheridan Neighborhood located in the Northeast Minneapolis Community.

Eligible Improvements: Most interior and exterior improvements are eligible, as long as they are for the commercial area of the property or are required for the operation of the business.

Ineligible Improvements: Work initiated prior to the loan being approved and closed, unless due to an emergency. No recreation luxury projects (pools, lawn sprinkler systems, playground equipment, saunas, whirlpools, etc.), skylights, non-permanent appliances (unless required to operate the business), funds for working capital, debt service or refinancing existing debts are NOT allowed. CEE will refer to the City whenever NRP eligibility of an improvement project is in question.