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MCDC Loan Program
Our slogan is "we do gnarly deals." 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. Our loans:
* Range from $2,000 to $400,000.
* Can be used for property and equipment; remodeling; inventory; working capital;
or to purchase an existing business.
* Carry fixed interest rates with terms generally three to ten years.
* Are collateralized with available assets. Our coverage levels are flexible.
* Include an origination fee and closing costs.
* Come with 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.