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Initiative Foundation
Initiative Foundation
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
15 min
Can you get this?
✓For Central Minnesota people and communities
✓Grants go to schools, nonprofits, local government
✓Loans target underserved entrepreneurs and disadvantaged areas
✓Trainings for nonprofit board and staff
Your real odds
They have deployed $70 million across 1,243 loans since 1986, which signals steady volume but tells you nothing about acceptance rates.
No public acceptance rate exists, so you are reading tea leaves on competitiveness. As a CDFI, they weight borrowers who lack access to conventional capital, which works in your favor if that description fits you.
What it takes
Check geographic eligibility15 min
Contact staff to discuss loan needs1 to 2 days
Submit loan application via portal1 to 2 wks
Worth knowing
Initiative Foundation pairs lending with business support programs, including Enterprise Academy, a 12-week training for underserved entrepreneurs, and completing or enrolling in that program before you apply is the detail most founders skip.
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