Working Capital Loan Fund
Disadvantaged Business Enterprises (DBEs) and Targeted Group Businesses (TGBs) awarded a MnDOT Negotiated Maintenance and Construction Contract and/or Professional/Technical contract or who are considering bidding on a contract may be eligible for loans up to $25,000.
MnDOT contracted with WomenVenture to administer the Working Capital Loan Fund. The program is designed to help certified DBEs and TGBs with loan readiness and the MnDOT loan application, as well as provide financial training, support, and assistance.
There are two types of working capital loans:
Eligible uses of loan funds include, but are not limited to, the following:
- Working Capital
- Machinery or equipment purchases
- Other approved uses through MnDOT program
You must provide a copy of the executed MnDOT contract, the contract clearance submitted for the contract (if applicable) and you must meet for a 1:1 consultation with a financial consultant assigned by WomenVenture. All information and documentation submitted through the portal will be held securely and confidentially.