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MINNESOTA EMERGING ENTREPRENEUR LOAN PROGRAM

The Minnesota Emerging Entrepreneur Loan Program (ELP) supports the growth of businesses owned and operated
by minorities, low-income persons, women, veterans and/or persons with disabilities. DEED provides funds to a
network of nonprofit lenders which use these funds for loans to start-up and expanding businesses throughout the
state. Additional program goals are to provide jobs for minority and/or low-income persons, create and strengthen minority
business enterprises, and promote economic development in low-income areas.

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