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

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.

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.

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).

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.

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.