Midwest Minnesota Community Development Corporation (MMCDC)

How can we help you?

Commercial Lending

We offer lending for new and existing business and business expansions that generally serve to improve the community.

Mortgage Lending

We provide affordable loans for home purchase, repair and refinance.

Housing

Affordable Rental Housing Housing Development

We provide numerous housing services for those looking to own a home, as well as affordable rental opportunities.

Commercial Real Estate

We build and manage properties for business use.

Capital. Innovation. Success.

For more than 40 years, MMCDC has been providing capital resources and innovative ideas to assist in successful business and community development throughout Minnesota and the Midwest. We provide financial assistance to businesses for the creation of jobs, to communities for new development, and to individuals for home ownership, as well as other services.

We offer business loans ranging from $5,000 to $20,000,000. We identify community needs and create solutions, including the development of apartment buildings, homes with affordable payments and new subdivisions. We manage, build and restore buildings for affordable rental housing. We provide affordable loans for home purchase, remodel and refinance. We are committed to creating housing solutions for first-time home buyers and others in rural Minnesota so that they can purchase affordable new homes.

This institution is an equal opportunity provider and employer.

MMCDC News

MMCDC Offices Open by Appointment

MMCDC offices are now open by appointment. Doors otherwise remain locked, but staff are available by email, phone and mail. Our goal is to conduct business as normally as possible during the pandemic.

Staff who have underlying health conditions or family members in need of care may be working from home, using available vacation or working nontraditional hours. Clients are urged to continue to reach out to staff as needed to conduct business. Responses may be slightly delayed.

We look forward to a time when we can fully reopen the office during normal business hours. Information will be updated on the website and Facebook page.

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Need Help Paying Rent?

The Section 8 Wait List is open in Becker County (outside the city limits of Detroit Lakes). The Housing Choice Voucher Program is a rental assistance program funded by the U.S. Dept. of Housing and Urban Development.

For a pre-application, contact:

Becker County EDA-MMCDC/Housing; 119 Graystone Plaza, Suite 100; Detroit Lakes, MN 56501; 218-847-5641; and / or info@mmcdc.com

What do I need to apply?

Name of household members Date of birth for household members Social Security number for household members Current mailing address Current telephone number Approximate income

MMCDC/Housing serves as program administrator for Becker County Economic Development Authority.

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SBA Loan Forgiveness Portal Available Aug. 4 for Many PPP Borrowers

Beginning Wednesday, Aug. 4, the U.S. Small Business Administration (SBA) is launching an application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less to apply for loan forgiveness directly through the SBA, according to a press release.

PPP Loan Forgiveness

MMCDC is among the lenders that has opted to allow its borrowers to use the streamlined application process. An SBA customer service team will be available to answer questions and directly assist borrowers with their forgiveness applications. Borrowers that need assistance or have questions should call (877) 552-2692, Monday – Friday, 8 a.m. – 8 p.m. EST.

“The SBA’s new streamlined application portal will simplify forgiveness for millions of our smallest businesses — including many sole proprietors — who used funds from our Paycheck Protection Program loans to survive the pandemic,” said Administrator Isabel Casillas Guzman. “The vast majority of businesses waiting for forgiveness have loans under $150,000. These entrepreneurs are busy running their businesses and are challenged by an overly complicated forgiveness process. We need to deliver forgiveness more efficiently so they can get back to enlivening our Main Streets, sustaining our neighborhoods and fueling our nation’s economy.”

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How can we help you?

Capital. Innovation. Success.

MMCDC News

MMCDC Offices Open by Appointment

Need Help Paying Rent?

SBA Loan Forgiveness Portal Available Aug. 4 for Many PPP Borrowers

View Loan Balance

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