The minimal modelminimal model, when it exists, also known as the Shepherdson-Cohen model, is the smallest transitive model of ZFC. This model will have the form $L_\alpha$ for some countable ordinal $\alpha$, and indeed it is $L_\alpha$ where $\alpha$ is the smallest ordinal for which this is a model of ZFC. The minimal model exists whenever there is a well-founded model of ZFC, since in this case the Mostowski collapse of that model will be a transitive model, and the $L$ of that model will be the minimal model or have it as an initial segment.
It is slightly better to refer to the model as the minimal transitive model of ZFC, since it is not actually minimal with respect to being merely a model of ZFC—it will have models inside it that it thinks are models of ZFC. Furthermore, the minimal model is not merely minimal, but least, since it is contained in all other transitive models of ZFC.