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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.

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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. 

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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.

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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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