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MAY-12-99 WED 9: 11 AM CITY, OF, NEW. BR I GHTONM FAX NO, 6126382044 I«y„V,�,„�,,,,,,r,,,,P.,, 6_ <br /> Financial resources <br /> Loans up to$25,000 for women,men,and minority-owned businesses. <br /> Northcountry Cooperative Development Fund <br /> NMinneapolis, MN 1(612)331-9103 <br /> Member owned financing cooperative with funding for other cooperatives. <br /> Minnesota cooperation Office <br /> uE Bloomington, MN I(612)830-1230 <br /> Management consulting regarding markets,management,and financing. <br /> Saint Paul Progress <br /> St. Paul, MN 1(651)224-EAST <br /> Low risk gap financing for manufacturing companies. <br /> St. PaullMetro East Development Corporation(SPEDCO) <br /> St. Paul, MN 1(651)225-4900 <br /> Helps small businesses obtain financing for job creation, business expansions, and <br /> promotes economic development in the Metro East area. <br /> Uses the SSA 504 Loan Program, <br /> . $50,000 to$760,000 in$1,000 increments <br /> LOCAL Minnesota Exxport F n nce A l PROGRAMS <br /> u hority(MEFA) <br /> a non-bureaucratic gateway to government export finance programs <br /> has helped wood product, electronics, food, and other small manufacturers develop export markets <br /> - has four types.of assistance. <br /> working capital loan guarantee-provides transaction-based loan <br /> guarantees of up to 90%of bank loans between$25,000 and$250,000 <br /> receivable insurance-assists exporters in obtaining coverage against <br /> nonpayment of overseas open-account sales <br /> agency liaison-helps businesses access various federal agencies and <br /> international development banks that have financing and procurement <br /> opportunities <br /> counseling and training-provide individual assessment, problem <br /> resolution and training on financing issues. <br /> MEFA Is authorized to guarantee up to$3.5 million in loans at any given time. <br /> . Other resource numbers for export assistance: <br /> Minnesota Export Finance Authority(MEFA) <br /> 1000 World Trade Center <br /> 30 East 7th St. <br /> St. Paul, MN 55101-1902 <br /> FAX(651)296-3555 <br />