Whether you're just starting your business or own a well-established company in Minnesota, we have the financing tools and resources you need to grow and succeed.
Whether you're just starting your business or own a well-established company in Minnesota, we have the financing tools and resources you need to grow and succeed. CMDC's experienced staff specializes in identifying and understanding the financing programs that best meet your needs.
Get the Financing You Need to Start or Expand Your Business
Our MN small business loan programs are designed for the small business owner with benefits that exceed traditional business loans.
Who Is Eligible for 504 SBA Loans?
Businesses seeking financing through the SBA 504 Loan Program must:
- Be a "for profit" business that has a net worth of no more than $20 million and a net profit after tax averaging less than $6.5 million for the two years preceding the loan request. In addition, the owners of the business must be within SBA's personal liquidity guidelines.
- Meet job creation and/or job retention goals determined by the SBA loan amount or meet certain economic development objectives.
- Have a private lender commitment for 50% of the total project cost and be able to contribute the minimum equity injection which is at least 10%. If the project involves a "single purpose facility the minimum equity injection is 15%. For businesses that are less than 2 years old the equity injection increases an additional 5%.
Business Owner FAQs
Extraordinary Results
Our priority is to deliver the highest quality customer service by meeting and exceeding your financing objectives. We are committed to financing real estate solutions for your growing business.
>> Contact us today and put our experience to work for you. We offer a 24-48 Hour Eligibility Review.