Loans Will Create Nearly 100 New Jobs Statewide
WASHINGTON, D.C. – Last week, Sens. Amy Klobuchar and Al Franken (D-Minn.) and Reps. Betty McCollum, Keith Ellison, and Tim Walz (D-Minn.) announced that more than $18 million in loans will go to small businesses throughout Minnesota, helping many of them remain open and creating nearly 100 jobs. The loans, which will be overseen by the Small Business Administration, were made available by the Small Business Jobs Act passed by Congress and signed by President Obama in September.
Nationally, $970 million in loans will be issued by local banks and guaranteed by the Small Business Administration.