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VetLoan Advantage

 VetLoan-Advantage-Program-CMDC Vertical

Supporting and Honoring Our Veterans

We thank all veterans for their service, whether you served decades ago or are just re-entering the civilian workforce. As a commitment of our support, CMDC has partnered with the National Association of Development Companies (NADCO) to offer the VetLoan Advantage program.

If you are a veteran who owns a small business or want to own a small business, you may be eligible to access additional loan incentives for commercial/industrial real estate and equipment.

What is VetLoan Advantage?

CMDC's VetLoan Advantage is a program that helps veterans get the financing they need for Minnesota start-ups and existing businesses at a lower cost. Whether you're searching for a $10,000 equipment loan, want financing for a $2 million business acquisition or are buying a commercial building – CMDC has a loan product for you.

Benefits of VetLoan Advantage

Financing a business can be one of the biggest challenges in business ownership. SBA 504 loans coupled with the additional incentives of the VetLoan Advantage program allow veteran-owned businesses to tap into benefits that make financing easier, including:

  •  Rebates to Offset SBA 504 Loan Expenses
  •  Low Down Payments (typically 10%)
  •  Below Market, Fixed Rates
  •  Longer Term, 20-Year – No Balloon
  •  Up to 90% financing for owner-user commercial/industrial real estate and equipment

Calculate a typical monthly payment with the SBA 504 Loan Calculator(Please Note: the additional VetLoan Advantage incentive is not included in the Loan Calculator. Contact our loan officers for a custom loan payment scenario.)

 Typical-SBA-504-Loan-Structure-CMDC

How Does It Work?

VetLoan Advantage helps veterans fund commercial real estate and equipment for their businesses at a lower cost. Veterans who qualify for SBA 504 Loans are qualified to receive additional benefits that aren't offered to other non-veteran business owners. CDCs are economic development lenders – different from banks – making loan approval more viable for entrepreneurs and smaller companies with limited collateral. Entrepreneurs work with CDC team members to secure financing and financial advice. CDCs can also help entrepreneurs access commercial financing as part of SBA loan packages.

Ready to Take the Next Step?

The SBA loan application process is easier than you may think! Sure, there's some paperwork to fill out and documents to submit, but the benefits of an SBA loan vs. a traditional loan are worth the time.

Contact one of our loan officers to get started now or for more information on how the program can help you.

763.784.3337 Mike Mulrooney - Email Scott Schake - Email Kevin Weeres - Email

 

 CMDC is committed to improving communities by providing more-affordable funding for Minnesota start-up and existing businesses.

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Testimonials

CMDC has been great. I had heard about the nightmares of dealing with SBA, but I didn't find that to be true, especially with the help of CMDC.”

Marc A. Carranza, CPA | Maple Grove, MN

Testimonials

I couldn't have done it without CMDC and the SBA. My goal was to be a successful business owner - CMDC helped make it happen.”

Midas | Maple Grove, MN

Testimonials

CMDC removes the anxiety. They are knowledgeable, detail oriented and easy to work with. They get the loan done. The process was surprisingly smooth.” 

General Paper Products | Ramsey, MN

Testimonials

CMDC is straightforward. They made the process almost simple and definitely painless. They did their due diligence. Without the program, I couldn't have grown.”

Steinwall, Inc. | Minneapolis, MN

Testimonials

Our philosophy is, take care of the customer, carry the products that they want and give them great service. That is exactly what CMDC did for us.”

Northgate Liquors | Andover, MN

Testimonials

CMDC was a great partner for us. It was a seamless process working with our banker and CMDC. The financing has been the easiest part of owning this business.”

McPete's Sports Bar & Lanes | Big Lake, MN

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