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Looking Back and Looking Forward

During this past year CMDC experienced a year like no other in its 43-year history. A sea change began on March 16, 2020, when Minnesota Governor Tim Walz issued an Executive Order directing the closure of bars, restaurants, and other places of public accommodation to minimize the spread of COVID-19.

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How SBA 504 Loans Compare to Traditional

Whether you're a lender or professional who wants to give options to your business clients or a business owner who wants to know more about SBA 504 loans and traditional loans for new buildings, renovations, and equipment, here's what you need to know about SBA 504 loans...

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North Metro Market Insight: Bombshell or Sleeping Beauty?

April 1, 2014

Start, Relocate, or Expand a Business in the North Metro

CMDC partnered with Premier Commercial Properties and MetroNorth Chamber of Commerce to offer insight on the North Metro Minneapolis business and real estate market.

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The Downside of Paying? Off Your Commercial Loan? Early?

 March 11, 2014

Choosing Pay Off vs. Increasing the Value of Business

Many business owners are anxious to pay off their loans early. However, if your loan terms are very favorable, such as having a fixed low interest rate over a long term like an SBA 504 loan, keeping your loan and investing that money elsewhere for Repairs, Maintenance, Added Inventory, or Expansion may be a better financial decision. Keeping your loan intact can increase the value of your business and can possibly increase your income.

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$8M in Brownfields Funding Expected to be Available Spring 2014

February 13, 2014

State & Federal Financing in Addition to Low Cost Loans

To help in the development of new businesses and housing on privately-owned real estate redevelopment sites with contamination concerns in specific areas of Minnesota, $8M in Brownfields funding will be available in Spring 2014 to investigate or clean up contaminants. Funding will be awarded through competitive public grant programs and is available to cities, counties and development authorities who partner with private developers on specific projects.

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