ADC Business Development can help you OWN A BUSINESS!

With ADC, you can start or expand a business with the confidence of possessing knowledge and an effective community advocate.

*Business development workshops are held throughout 2016 with two-day classes scheduled in the Twin Cities for February, April, June, August, October, and December. During this class, prospective and new business owners will learn how to:

  • Write a business plan
  • Introduction to marketing, management, bookkeeping and accounting, business law and regulation, strategic planning, research
  • Work with ADC staff to secure financing
  • Introduction to real estate development and Small Business Association financing
  • Strategies for expansion
  • Employee recruitment and training
  • Network with other business owners and contacts in finance

Technical assistance

  • Ongoing advocacy and advisory service for qualified clients
  • Affordable bookkeeping and tax preparation
  • Expertise in retailing and wholesaling, restaurant and food service management, transportation industry, pro-Bono legal assistance and other professional services


Eligibility Requirements: Successful completion of the ADC Business Development workshop or a business that has a proven record of successful operations for more than a year.

ADC wants to invest in your business and is a growing micro-lender in Minnesota. ADC has led the way nationally in developing asset-based financing (or Murabaha in Arabic) for African immigrants. Instead of extending interest-based credit, ADC purchases necessary assets (usually equipment) and re-sells them to the client at an agreed profit. Murabaha, as well as conventional financing, is available to everyone.

Since 2004, ADC has trained more than 1,500 Minnesota entrepreneurs and leveraged more than $12 million in small business investment on the strength of its own micro-lending portfolio now over $6 million and growing! Over a thousand jobs created and retained. Total finance packages range from $5,000 to more than $250,000 per client.

We offer both traditional and alternative/profit-based financing terms.

Statewide services offered in the following communities: Twin Cities metro, St. Cloud, Rochester, Owatona, Mankato, Willmar and Marshall.

Your FICO® Score can stop you from getting small business loans – Featured in Western Bank Business Magazine

Most small business owners and entrepreneurs know that banks and other lenders use credit scores to determine who qualifies for a business loan, at what interest rate, and at what credit limit. Yet many people have no idea what goes into determining a person’s credit score.

The most widely used credit scoring system is the FICO® score — an acronym named for its developer, the Fair Isaac Corporation — and this score can range from 300 to 850.

Fair Isaac has disclosed the following five components that contribute to a FICO score

as well as the approximate value each has in determining an overall score:

• Payment history – 35%: Includes bills paid on time, bills past due, bills paid later than 30 days, bankruptcies, collections, etc.

• Amount of debt – 30%: The ratio of current revolving debt (credit card balances, etc.) to total available credit (credit limit).

• Length of credit history -15%: How long your accounts have been opened and any recent activity.

• New credit – 10%: The number of recently opened accounts and number of recent credit inquiries.

• Types of credit used – 10%: Includes installment, revolving, and consumer finance.

To help keep your credit score healthy, it’s important to pay your bills on time, keep your balances on credit cards and other revolving credit low, and only apply for and open new credit as needed.

While you can damage your credit score very quickly, improving your score takes time. It’s worthwhile to check your credit at least six months prior to applying for a major loan, such as a small business loan, so you can take steps to improve your rating in order to get the best possible rates.

Regardless of the bank in which you are applying for a business loan, all will prefer applicants to have high FICO scores. Even if your business is showing profitability, loan approval is not guaranteed when you have a low FICO score. Most banks tend to use your FICO score as a measure of your character and responsibility.

A person’s FICO score is based on credit report information gathered from the three major credit reporting agencies — Experian, TransUnion, and Equifax. In order to help ensure a healthy, accurate credit report, consumers are encouraged to visit or call 1-877-322-8228 once each year to obtain a free report from each of the agencies.

Participating on Business Technical Assistance Program (B-TAP)

The Business Technical Assistance Program or B-TAP program was created to provide consulting support to businesses located in the City of Minneapolis. Through B-TAP, the City contracts with local non-profit organizations focused on entrepreneur training and economic development to provide direct services to new and existing businesses. Small- and medium-sized businesses located in Minneapolis are eligible to receive the services. Considering starting a new business in Minneapolis,
Looking to expand business operations in Minneapolis, Pursuing certification as a Minority- or Woman- Owned Disadvantaged Business, Need general business advice.

More info on how business can access the services visit


ADC Loan officers will direct you to fill out certain application forms in order to register for classes, apply for business loan, etc. You will find these forms below:-

Once you’ve clicked the appropriate forms and downloaded them to your computer, you can open the file and type in as much of the requested information as possible. Then SAVE the file and email it back to your loan officer. Later, when the forms are complete, you will sign them with your ADC loan officer.

(1) Download (a fillable) Entrepreneur Training Application Form (PDF)

(2) Download (a fillable) Loan Application Form (PDF)

(3) Download (a fillable) Alternative Financing/Profit Based Application Form (PDF)

(4) Download (a fillable) Personal Financial Statement Form (PDF)

ADC_LoanAppChecklist.pdf222.17 KB