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Homeβ€ΊMinnesotaβ€ΊLake Of The Woodsβ€ΊSmall Business Grantsβ€ΊOak Island
BUSINESS β€” MN

πŸͺ Small Business Grants in Oak Island, Lake Of The Woods, Minnesota β€” 2026

Eligibility, income limits, local offices and how to apply for Oak Island residents

Up to $5M loanMax Benefit
1-800-827-5722Helpline
MNState
Business viability requiredFPL Threshold
πŸ“Š 2026 Income Limits β€” Oak Island, Minnesota
Household SizeMonthly LimitAnnual Limit
1 person$1,632/mo$19,578/yr
2 people$2,215/mo$26,572/yr
3 people$2,798/mo$33,566/yr
4 people ← typical$3,482/mo$41,782/yr
5 people$4,065/mo$48,778/yr
6 people$4,648/mo$55,774/yr
7 people$5,231/mo$62,770/yr
8 people$5,814/mo$69,766/yr

Source: HHS Federal Poverty Guidelines 2026. Effective January 2026.

πŸ“ How to Apply β€” Oak Island, Minnesota
1
Check Eligibility
Income at or below Business viability required. Family of 4 in Oak Island: $3,482/month in 2026.
2
Apply Online β€” Fastest
Visit www.sba.gov/funding-programs/loans β€” available 24/7.
3
Apply by Phone β€” 1-800-827-5722
Call Mon–Fri business hours for Oak Island residents.
4
Apply In-Person β€” Lake Of The Woods Office
Visit offices near Oak Island. Walk-ins accepted.
πŸ“‹ Documents Required β€” Oak Island
  • Business plan
  • Tax returns 3 years
  • Financial statements
  • Photo ID
❓ FAQs β€” Small Business Grants in Oak Island
Who qualifies for Small Business Grants in Oak Island, Minnesota?
Residents of Oak Island, Lake Of The Woods, Minnesota with income at or below Business viability required. Family of 4: $3,482/month. Call 1-800-827-5722.
How to apply for Small Business Grants in Oak Island?
Apply online at www.sba.gov/funding-programs/loans, call 1-800-827-5722, or visit Lake Of The Woods office.
Is there a Small Business Grants office in Oak Island?
The nearest office is in Lake Of The Woods. Visit office locator for exact address and hours.
πŸ”” Minnesota Alerts 2026
Free alerts when Small Business Grants changes in Minnesota.