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SBA Reopens for Business!

October 17, 2013


The Senate, the House of Representatives, and the President have  reopened the federal government through a Continuing Resolution. SBA is back in business!  

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SOP 50 10 5(F) Collateral Requirement Changes

October 15, 2013
SBA recently released a revised version of the SOP 50 10 5 (F), effective January 1, 2014 in which the "new" collateral requirements have dramatically changed. Even though the new rules don't become effective for a couple of months, now is the time to review, interpret, and plan for the changes.

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Government Shutdown Effect on SBA Loans

October 2, 2013
As you are no doubt aware, we are in the midst of a partial federal government shutdown. CMDC is still accepting and processing loans; however, the shutdown will have an immediate impact on loan applications and processing. The offices of the SBA are one of the government functions that have been temporarily closed until the government reaches a funding solution.

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6 Benefits of SBA 504 Loans for Commercial Real Estate

August 2, 2013
Buying a building or land can be a daunting undertaking. Interest rates and financing are always the topic of conversation! On the rise or historically low? Well, the truth is, they're both right now! There are alternative loan options that business owners have to finance commercial real estate. An SBA 504 Loan has multiple benefits over a conventional commercial loan - including substantially lower down payments and interest rates. In addition, funds from SBA 504 Loans can be used not only for land and building purchases, but also for existing building and lot improvements, new construction, long-term equipment purchases and more.

6 Quick Facts You Should Know About SBA 504 Loans for Commercial Real Estate:

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New Website Makes SBA Loans Easier

June 24, 2013

New, Fresh, Better! CMDC is committed to making SBA loans easier to navigate for small business owners and others involved in growing business in Minnesota.

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