MCDC Loan Program

We feel that helping businesses grow keeps our communities strong.  That means that we can work with first-time borrowers who are unfamiliar with the financing process or those who have limited equity or collateral. We know the reality of rural business cash flow. Small loan sizes are OK - and so are large complicated deals. And we specialize in bank-partner loans.

MCDC fills the gap in financing available through traditional bank sources, making loans that create opportunity in the communities we serve. Here are some more details about our loan program:

• Loan amounts range from $1,000 to $1,000,000.
• Can be used for property and equipment; remodeling; inventory; working capital; or to purchase an existing business.
• Typically, interest rates are 1 -2% higher than a bank.  Incentive rates for some rural, childcare, Native American, and other targeted business may be available.
• We offer flexible terms generally 5-10 years.
• Our loans are collateralized with available assets.  Our coverage levels are flexible and first position is not required.
• Fees include a 2% origination fee, $100 annual administration fee and closing costs.
• We provide business development services during the application, and over the life of the loan.

See some examples of loans we've made.

Learn about our application and approval process.