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Celebrating Small Business Week

This week, CMDC celebrates National Small Business Week in partnership with the Small Business Administration (SBA). Here in Minnesota, 46% of workers are employed by small businesses, which account for 1.3 million jobs.   New small businesses in Minnesota are more likely to be thriving at five years than anywhere else in the country. At CMDC, we are working hard to support small businesses whether they have been operating for decades or are launching the next new technology start-up.  

From September 13 – 15th of this week, the SBA will host a three-day virtual summit with numerous educational panels providing innovative practices for entrepreneurs. Here is a preview of this year’s events.

This year’s National Small Business Week Virtual Conference offers:

  • 22 sessions of information and content especially curated for small business entrepreneurs. Download the agenda.
  • A special highlight on small business resiliency in 2021 and beyond
  • Keynote session by the SBA Administrator, Mark Cuban, and White House Senior Advisor Cedric Richmond
  • Focus on Hispanic small business on Sept 14 as part of Hispanic Heritage Month
  • Resources from industry-leading small business partners
  • Easy to navigate online virtual conference space, with live interactive networking and sessions
  • Networking lounge and opportunities with other business owners and aspiring entrepreneurs

Don’t miss this once-a-year exciting event, especially for small business owners and aspiring entrepreneurs!

For more information and to register for the event, visit the link below.

Register Today!

Small Businesses Can Now Refinance Commercial Mortgages and Other Business Debt Under the New SBA 504 Refinance Loan Program

Small business owners can reduce their monthly mortgage payments and access trapped equity in commercial real estate they own by refinancing conventional real estate loans through the SBA’s new 504 Debt Refinancing Program.

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It is the Best Time Ever to Finance a Business with an SBA 504 Loan

Not only are SBA 504 rates at all-time lows, fees have been reduced as well. The Small Business Administration (SBA) has announced the temporary elimination of certain 504 loan fees in accordance with the Economic Aid Act approved by Congress.

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CMDC Chosen as Emerging Entrepreneur Loan Program Lender

The Minnesota Department of Employment and Economic Development announced that it has selected CMDC as a lending partner for the Minnesota Emerging Entrepreneur Loan Program (ELP).  

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Small Businesses Can Refinance Commercial Mortgages and Other Business Debt Under the SBA 504 Loan Program

Small business owners can lighten their monthly debt payments and access equity trapped in commercial real estate holdings by refinancing conventional real estate loans through the SBA’s 504 Debt Refinancing Program.

Read more ...

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