MN Business Loan News | SBA Loans MN | SBA Loan Trends

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.

$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.

2013 Highlights & Looking to 2014

December 30, 2013

We Ended the Year on a High Note and a Low Rate!

2013 was an exciting year for CMDC and the small business owners and lenders we partnered with in Minnesota. There were certainly some highs and some lows, but overall it was a good year that showed more stability in the economy and increased small business growth in Minnesota. The outlook for 2014 is optimistic with manufacturing projected to be a growth industry in MN.

CMDC 2013 Annual Meeting & Small Business Summit

November 21, 2013
Each year CMDC hosts an Annual Meeting & Small Business Summit for their members, Minnesota business owners, lenders, real estate professionals, community leaders and other professionals who are part of growing small business in Minnesota.

NEW VetLoan Advantage Program

October 21, 2013
CMDC announces the NEW VetLoan Advantage program that helps veterans get the financing they need for Minnesota start-ups and existing businesses at a lower cost! As a commitment of our support to all veterans, CMDC has partnered with the National Association of Development Companies (NADCO) to offer the VetLoan Advantage program. We thank you for your service, whether you served decades ago or are just re-entering the civilian workforce.