What is a CDFI?
CDFI stands for Community Development Financial Institution. These organizations are mission-driven financing providers. These lenders have a mission to provide fair and responsible financing to rural, urban, native and other underserved communities that mainstream finance doesn’t traditionally reach.
What is MMCDC?
MMCDC stands for Midwest Minnesota Community Development Corporation. We are a nonprofit Community Development Financial Institution and housing provider located in rural Minnesota. We are a leading private nonprofit organization providing commercial and home mortgage lending. MMCDC also provides housing, business and community development services throughout Minnesota and beyond.
Am I eligible for a business loan through MMCDC?
If you are having trouble with financing, MMCDC might be able to help. Please explore our commercial lending programs and services, www.mmcdc.com/commercial-lending/, and contact our team to answer any questions you have and to learn about next steps.
What program should I apply to for my business, and what are the rates?
MMCDC is involved in a variety of lending programs, as well as corporate lending dollars, with rates based on our cost of funds and credit risk. We utilize a single loan application and work with each borrower to determine the loan program that best fits their project needs. Contact our commercial lending team to learn about which program is the best for your business: www.mmcdc.com/commercial-lending/.
How can MMCDC help me or my business?
MMCDC works with borrowers, banks, credit unions, real estate professionals and other mission-focused lenders in creative financing structures to bring projects to fruition. We would love to hear about your future project or business!
Do you provide grants for businesses?
MMCDC does not have business grants at this time.
What is NeighborWorks?
NeighborWorks America is a public nonprofit organization, established by Congress in 1978 as the Neighborhood Reinvestment Corporation (Public Law 95-557) to expand opportunities for people to live in affordable homes, improve their lives and strengthen their communities. MMCDC is a chartered member of NeighborWorks.
Do you have any vacancies?
MMCDC manages a variety of commercial and residential rental properties. Our website is regularly updated. Immediate vacancies are often posted on the home page as a banner. Call 218-847-5641 to speak with a representative about rental vacancies.
Rental housing listings: www.mmcdc.com/housing/affordable-rental-housing/property-listings/
Commercial listings: www.mmcdc.com/real-estate/space-for-lease/
