The Entrepreneur Fund

Minnesota to Ease Business Restrictions Starting January 11

Posted on January 08, 2021 at 01:33 PM. Written by Entrepreneur Fund

Changes take place on Monday, January 11

The State of Minnesota is dialing forward to allow more commercial activity. You can find more information in the Executive Order, guidance documents, and FAQ.

A basic overview:

  • Bars and restaurants can open at 50 percent capacity, with a maximum of 150 people. Parties of no more than six people must remain six feet from other parties; bar seating is open to parties of two; reservations are required; and establishments must close by 10 p.m.
  • Gym capacity remains capped at 25 percent but maximum capacity increases to 150. Machines and people should maintain 9 feet of distance. Classes increase to 25 people, assuming distancing can be observed. Everyone must be masked.
  • Outdoor events and entertainment continue at 25 percent capacity, but maximum capacity increases to 250 people. Social distancing is required.
  • Indoor events and entertainment – like bowling alleys, movie theaters, and museums – may open at 25 percent, or no more than 150 people. Masks required. No food service after 10 p.m.
  • Youth and adult organized sports have resumed practice as of Jan. 4 and games resume Jan. 14 with spectators. Inter-region tournaments and out of state play are discouraged.
  • Pools opened Jan. 4 for some activity and may now open, like gyms, at 25 percent capacity.
More details are available at staysafe.mn.gov.



SBA Economic Injury Disaster Loan Application Extension Through 2021

Posted on January 07, 2021 at 12:55 PM. Written by Entrepreneur Fund

The U.S. Small Business Administration on January 5, 2021 announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is extended to Dec. 31, 2021. The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on Dec. 27, 2020.

EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Loans are offered at very affordable terms, with a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. Every eligible small business and nonprofit are encouraged to apply to get the resources they need. 

Apply for a Economic Injury Disaster Loan 

MN Movie Theater and Convention Center COVID-19 Relief Grants

Posted on January 05, 2021 at 01:02 PM. Written by Entrepreneur Fund

On Tuesday, January 5, the Minnesota Department of Employment and Economic Development released applications for Movie Theater and Convention Center Grants established in the recent state COVID-19 relief package.

The links to applications and information on the three new programs included in Minnesota’s small business relief package, signed into law December 16, are:

MN Convention Center Relief Grant Program  - Application due January 29
This temporary program was established to provide economic relief for convention centers adversely affected by the COVID-19 pandemic. This program will make grants of up to $500,000 to eligible convention centers located in Minnesota. DEED will administer this program. Applications are available here.

MN Movie Theater Relief Grant ProgramApplication due January 29
This temporary program was established to provide economic relief for movie theaters adversely affected by the COVID-19 pandemic. This program will make grants of up to $150,000 to eligible movie theaters located in Minnesota. DEED will administer this program. Applications are available here.

County Relief Program – DEED is working closely with Minnesota counties to disburse money. All counties must apply. More information is available here.

St. Louis County specific relief updates can be found here.

The Entrepreneur Fund