The COVID-19 pandemic has resulted in a variety of hardships for many businesses. Listed below are a few programs offered through various entities for the business community.
Business Financial Assistance Programs
Letter to all Monticello Businesses - April 3, 2020
The City of Monticello drafted a letter to guide businesses toward federal, state, and local programs to assist during the COVID-19 pandemic. View the letter (PDF).
Second Letter to all Monticello Businesses - January 14, 2021
The City of Monticello emailed a second letter to small business owners informing them of new or expanded assistance programs at a federal, state, and local level to assist during the pandemic. View the letter (PDF).
Small Business Emergency Loan Program
The Minnesota Department of Employment and Economic Development (DEED) is creating an emergency loan program to help Minnesota small business owners who need immediate assistance to meet their families’ basic needs during COVID-19 closures.
U.S. Small Business Administration (SBA) Loans
Minnesota businesses negatively impacted by COVID-19 can now apply for low interest SBA loans. Governor Walz requested an Economic Injury Disaster Loan declaration earlier this week and the SBA opened applications online March 20. Businesses can apply for loans to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. For more information and to apply please visit the Small Business Administration website.
If you need additional assistance, please do not hesitate to contact the City of Monticello's Community and Economic Development team at 763-295-2711.