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Homeβ€ΊMinnesotaβ€ΊSteele Countyβ€ΊSmall Business Grantsβ€ΊSomerset
BUSINESS β€” MN

πŸͺ Small Business Grants in Somerset, Steele County, Minnesota β€” 2026

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

Up to $5M loanMax Benefit
1-800-827-5722Helpline
MNState
Business viability requiredFPL Threshold
πŸ“Š 2026 Income Limits β€” Somerset, 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€” Somerset, Minnesota
1
Check Eligibility
Income at or below Business viability required. Family of 4 in Somerset: $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 Somerset residents.
4
Apply In-Person β€” Steele County Office
Visit offices near Somerset. Walk-ins accepted.
πŸ“‹ Documents Required β€” Somerset
  • Business plan
  • Tax returns 3 years
  • Financial statements
  • Photo ID
❓ FAQs β€” Small Business Grants in Somerset
Who qualifies for Small Business Grants in Somerset, Minnesota?
Residents of Somerset, Steele County, 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 Somerset?
Apply online at www.sba.gov/funding-programs/loans, call 1-800-827-5722, or visit Steele County office.
Is there a Small Business Grants office in Somerset?
The nearest office is in Steele County. Visit office locator for exact address and hours.
πŸ”” Minnesota Alerts 2026
Free alerts when Small Business Grants changes in Minnesota.