Springfield MN Business Funding & Support

Resources for Businesses in Springfield, MN

Springfield Financial Institutions: Springfield Banks

Southern Minnesota Initiative Foundation

Economic Development

Up to $200,000. Our Business Loans target several key industries: manufacturing, technology, local foods, agriculture and health care. Our Business Loan Program works in partnership with local lending institutions, economic development organizations and government agencies to help “fill the gap” between available and necessary financial resources.

Since inception, part of SMIF’s mission has been to catalyze entrepreneurial activity within our region. We strengthen economic development by supporting local business owners and entrepreneurs through financial investments and technical assistance. We offer a range of services and financial options to empower new and growing business owners.

Early Childhood Development

Need consulting support for your child care business? Contact SMIF’s Early Childhood Business Consultant, Jeff Andrews, to ask about virtual business support sessions for child care providers.

All child care business owners are eligible for complimentary business consulting and support. Whether you are starting a new child care business, or working to grow or update your existing business, Jeff Andrews can help provide focused assistance on business topics such as enrollment marketing strategies, risk management, crisis support, and financial business modeling. These services are available for family child care business owners and owners/operators of child care centers in our region.

The best way to get started is to click below and submit your assistance request information so Jeff can follow up with you soon!

Small Business Development Center

The Small Business Development Center provides the expertise and guidance that every business owner needs to flourish in today’s competitive economy. We are funded by the U.S. Small Business Administration and regional support partners, which allows us to provide professional services at no cost.

We offer one-on-one, confidential consulting to established businesses and start-ups. We also help to find and secure the capital you need to operate and expand. Finally, we offer an array of training sessions at no cost or nominal cost.

Contact

(507) 389-8875

SCORE Small Business Resilience Hub

SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, we have provided education and mentorship to more than 11 million entrepreneurs.

SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration (SBA). Thanks to this generous support from the SBA and because of the selfless contributions of our more than 10,000 dedicated volunteers, we are able to deliver most of our offerings at no cost.

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Region Nine Development Commission

Region Nine administers a Revolving Loan Fund (RLF) to assist existing businesses, as well as new entrepreneurs, in securing financing they are otherwise unable to secure through traditional channels. The primary goal of the program is to create new jobs, or retain existing jobs, in the region. Preference is given to businesses that will add full-time skilled or semi-skilled positions. The source of funding is the Federal Economic Development Administration (EDA). Some specific guidelines may apply. Region Nine welcomes partnering with other lenders to assist local businesses to succeed and thrive.

Minnesota Department of Employment and Economic Development

Starting a Business: Organizing. Planning. Licensing. Financing. Hiring. Crucial steps that lay the foundation for a successful startup.
Financing a Business: State, federal and other business-financing programs. Finance guidance to help you startup, operate or expand your business.
Finding Workers: Post job openings and screen candidates online. Hiring incentives and tax credits. Get help assessing workforce needs.
Exporting and Trade: Export assistance, education & training. Market & industry insights & expertise. Trade missions & export events.
Locating in Minnesota: Economy. Industry. Workforce. Incentives. See why Minnesota is the best place for your business expansion or relocation.
Get Help From Our Experts: Let our consultants help you find solutions to your most difficult business problems. Most services offered without charge.
Business Guidebooks: These in-depth publications are produced in collaboration with major Minnesota law firms and subject matter experts on a wide variety of business topics.
Data for Businesses: Use our helpful data tools in your recruitment process.

Visit the Minnesota Department of Employment and Economic Development website.

Regional Center for Entrepreneurial Facilitation

The Regional Center for Entrepreneurial Facilitation (RCEF), is a non-profit entrepreneur and business development organization. We provide FREE and confidential one-on-one business consulting, training, and mentoring for small business owners. We serve people at many different stages of business ownership. Whether you're an individual with an idea, a new business start-up, or an established businesses with over 50 employees; we can help you solve your business problems and achieve your goals.

springfield minnesota community with cars on the road

Money Smart - Business Tool Box Resources

Selling Your Business and Succession Planning

Developing an Exist Strategy For Your Business
Money Smart - Small Business Basics Management Series
The Selling a Small Business and Succession Planning for a Small Business module provides an overview of selling a small business and succession planning and is designed to help participants to understand how selling a business can benefit their business.

Your Business and Succession (PDF)

Your Business and Succession Slide (PPT)

Risk Management

Planning For What You Can and Cannot Control
Money Smart - Small Business Basics Management Series
The Risk Management for a Small Business module provides an overview of risk management and is designed to help participants to understand how risk management can benefit their business.

Risk Management (PDF)

Risk Management Slide

Recordkeeping

As a Managerial Tool
Money Smart - Small Business Basics Management Series
The Record Keeping for a Small Business module provides an overview of record keeping and is designed to help participants to understand how record keeping can benefit their business.

Record Keeping (PDF)

Record Keeping Slide

Is Owning a Business a Good Fit for You?

Know Your Strengths
Money Smart - Small Business Basics Management Series
Internal values and goals, external influences, and their relationships to financial decisions.

Owning a Business a Good Fit for You (PDF)

Owning a Business a Good Fit for You Slide

Organizational Types

Pros and Cons of Business Structures
Money Smart - Small Business Basics Management Series
The Organizational Types and Considerations for a Small Business module provides an overview of business organizational types and is designed to help participants to understand how selecting the correct organizational type can benefit their business.

Organizational Types (PDF)

Organizational Types Slide

Recruiting and Hiring Tips

Career Force Minnesota's Career Resource

For Employers:

Attract Talent
Develop Talent
Retain Talent
Tailored Resources
Layoff Resources
Virtual Services
& Much More!