At a glance
From its website, read 29 Oct 2026Mni Sota Fund is a loan fund based in Minneapolis, Minnesota. Its website describes credit-builder loans, personal loans and small-business loans. Stated loan amounts run from $500 to $150,000. Where it lends: Native communities throughout Mni Sota Makoce (Minnesota). It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (612) 225-0480 source |
|---|---|
| info@mnisotafund.org source | |
| Website | mnisotafund.org |
| Office (official list) | 1530 E Franklin Ave, Minneapolis, MN 55404 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 29 Oct 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Credit-builder loans | Term: see their wording | | 6–36 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Low or damaged credit considered
pathway to repair, strengthen, and rebuild their credit in a supportive, judgment-free environment
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | Yes |
| Date certified (as listed) | 24 Nov 2019 |
| RSSD ID | — (none listed) |
| Address | 1530 E Franklin Ave, Minneapolis, MN 55404 Directions (Google Maps) |
| Website | mnisotafund.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 29 Oct 2026Read from 4 pages of the lender's website on 29 Oct 2026. Quotes are verbatim. Reviewed by a person (Oct 2026). Items added later were extracted with AI help and checked automatically against the pages listed below. Confidence: high. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Credit-builder loans | $250 – $5,000 | $250 – $5,000 | source |
| Personal / consumer loans | — | Consumer Loan | source |
| Small-business loans | — | Small Business Loan | source |
Loan sizes
Consumer Loan As large as $20,000
sourceSmall Business Loan Range from $500 - $150,000
source$250 – $5,000
sourceAs large as $20,000
source
Range used for the size filter: $500 to $150,000
Service area
Native communities throughout Mni Sota Makoce (Minnesota)
within our Native communities and throughout Mni Sota Makoce.
source
Borrower focus
- Native American / Alaska Native / Native Hawaiian
We serve Native people, families, entrepreneurs, and communities seeking greater financial stability
source - Startups
What It Supports: Start-up capital; Equipment, inventory, supplies; Renovations or real estate improvements; Marketing and operations; Working capital and cash flow stabilization
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 29 Oct 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What is the APR, including fees, on your credit-builder loans and personal loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.3 million in 7 awards from the U.S. Treasury's CDFI Fund, 2016–2024 (CDFI Rapid Response Program; Native American CDFI Assistance (NACA), Technical Assistance).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Native American CDFI Assistance (NACA), Technical Assistance | $400,000 |
| 2021 | CDFI Rapid Response Program | $200,000 |
| 2021 | Native American CDFI Assistance (NACA), Technical Assistance | $150,000 |
| 2020 | Native American CDFI Assistance (NACA), Technical Assistance | $150,000 |
| 2018 | Native American CDFI Assistance (NACA), Technical Assistance | $144,400 |
| 2017 | Native American CDFI Assistance (NACA), Technical Assistance | $150,000 |
| 2016 | Native American CDFI Assistance (NACA), Technical Assistance | $143,720 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $2.5M |
|---|---|
| Total liabilities | $1.6M |
| Net assets | $904,003 |
| Total revenue | $781,589 |
| Notes and loans receivable, net (Part X line 7) | $1.3M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 45-3579582, filed as “MNI SOTA FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2020 (990) | $953,967 | $663,733 | $690,621 | $329,010 |
| Dec 2021 (990) | $2M | $1.5M | $1.3M | $154,519 |
| Dec 2022 (990) | $1.5M | $1M | $362,785 | $108,256 |
| Dec 2023 (990) | $2.5M | $904,003 | $781,589 | $1.3M |
Total assets grew 159% from Dec 2020 to Dec 2023; notes and loans receivable rose 303%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $150,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 28% of these 184. |
| Total assets, latest IRS Form 990 | $2.5M | Larger than 5% of the 19 other certified loan funds and venture funds in Minnesota with a matched Form 990 (median $21.7M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 28% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Minnesota | 19 | larger than 5% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Minneapolis and Minnesota
- African Development CenterLoan fund · Minneapolis, MNMicroloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Community Reinvestment Fund, IncLoan fund · Minneapolis, MNSmall-business loansVerified
- First Children's FinanceLoan fund · Minneapolis, MNChild-care facility financing, Small-business loansVerified
- Metropolitan Consortium of Community DevelopersLoan fund · Minneapolis, MNCommercial real estate loans, Credit-builder loans, Small-business loansVerified
- Metropolitan Economic Development AssociationLoan fund · Minneapolis, MNCommercial real estate loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Propel NonprofitsLoan fund · Minneapolis, MNMicroloans, Nonprofit / community facility loansVerified
- The Sunlight Loan Fund, LLCLoan fund · Minneapolis, MNChild-care facility financingVerified
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