Community Development Loans

Community Development Loans

Summary

We participate in a number of community development loan programs and will work with you to see if your business or nonprofit would benefit from them.

Details:

  • Business loans for those who may not qualify for traditional loans
  • Personal service at every step
  • Competitive rates
  • Flexible terms for affordable payments
  • Guaranteed in whole or in part by the SBA
  • Originated and serviced locally by Northeast Bank
  • Talk to a Northeast Bank business banker for more details

Examples:

  • Minneapolis City Planning & Economic Development (CPED) 2% Loan Program
  • Metropolitan Consortium of Community Developers (MCCD) Open to Business (OTB) Lending Program
  • WomenVenture Microloans for Business
  • Loans and other banking products tailored for nonprofits and other social agencies for programs, housing and redevelopment

For more information or to apply for a business loan, please contact a Business Banker at one of our locations.