Contact a Loan SpecialistWant more information about a MN SBA loan or other small business loan? Our loan experts are here to help - 763.784.3337
Our Current SBA 504 Rates
The Minnesota Department of Employment and Economic Development (DEED) has established a loan program to assist small businesses directly and adversely affected, and whose industry is named in the Governor’s Executive Orders 20-04 and 20-08 following the COVID-19 pandemic. To obtain more information on eligibility, or an application, please visit the link below.
CMDC is one of the lenders selected by the state of Minnesota to process loans through this program. If you believe that you are eligible, complete the application and return it to our office at the link below.
Regardless of eligibility for the Minnesota program, we encourage you to investigate other resources available through the US Small Business Administration (SBA). Below is a link to the Small Business Owners Guide to the CARES Act.
This guide provides information and links to the major programs and initiatives that are available from the Small Business Administration (SBA).
You can find additional information on the CARES Act in the U.S. Chamber of Commerce Summary linked below.