Twin Cities-Metro CDC

TCM was proud to receive the 2024 SBA Minnesota District Director Award at this year's Minnesota Small Business Lenders Conference. The District Director Award is given rarely and in recognition of exemplary commitment to Minnesota's small businesses. The 2024 award was given to Twin Cities-Metro CDC in honor of the passing this year of TCM Founder, Bob Heck. Since our founding in 1990, TCM's accomplishments include the following: - Facilitated 2,576 SBA 504 loans to small businesses, injecting $1.4 billion into business expansions. - Enabled projects worth $3.85 billion, significantly bolstering the Minnesota and Western Wisconsin economies. - Directly contributed to the creation of 25,627 jobs and the retention of 22,330 jobs, strengthening our community's workforce. - Allocated over $2.95 million in grants to non-profits dedicated to financial inclusivity in underserved communities. - Sustained a dedicated workforce of 34 individuals over 33 years.

The 25-year SBA 504 rates is down to 5.77% fixed in September! Call a TCM Lender today to start a conversation about financing real estate or equipment. Debby Gustafson Sheil Nelson Mike Kinderman Michael Kinninger www.504lending.com

TCM is proud to be accepting the SBA District Director Award at the Minnesota Small Business Lenders Conference on September 12!

Congrats on 45 years of success, WomenVenture! Happy to be a partner in your important work.

Therapy OPS is a pediatric therapy clinic that offers Occupational, Physical, Speech, and Feeding Therapy as well as Social Skills Groups. Therapy OPS is committed to providing high-quality, family-focused intervention to help those in the community reach their highest potential in an effective, efficient, and compassionate manner. TCM was proud to partner with Rich Bales at 21st Century Bank to provide financing for a new location in Hastings, MN. When asked about working through the SBA 504 loan process with the TCM team, Chris Kuenzli, Therapy OPS Business Manager, had this to say: “The whole team at TCM has been really good to us. You've been part of three separate loan closings for us and you've been professional, accurate and tolerant of our many questions (we're business owners not bankers)! The team has always explained things in a simple way and the communication has been wonderful. TCM has been a valuable ally to our business! Special shoutout to Terrie Ortloff (TCM Closing Officer) for being awesome.” Congratulations to the entire Therapy OPS team on a beautiful new location!

August brings another drop in SBA 504 interest rates. Call a TCM Loan Officer to start a conversation on accessing these great rates! Debby Gustafson 651.302.7234 Sheil Nelson 651.302.7226 Mike Kinderman 651.302.7239 Michael Kinninger 651.302.7240

We are actively #hiring! Know anyone who might be interested?

Unlimited SBA 504 Green Energy Loans   The SBA 504 Green Energy Program now has no limit on the number of Energy Public Policy Projects or the aggregate dollar amount outstanding. Key Updates: - Higher Loan Amounts: SBA portion increased to $5.5M per project, compared to $5M for non-green projects. - Unlimited Projects: No limit on the number of Energy Public Policy Projects. - Unlimited Funding: No limit on the total dollar amount outstanding. Benefits of SBA 504 Green Energy Financing: - Additional Funding: Qualify for an extra $5.5M SBA 504 Loan even if you've used your $5M allocation in SBA 7a or 504 loans. - No Project Cost Limits: No limit to the total project cost. - 90% Financing: For building or land acquisition, renovations, and new construction. - Cost Savings: Lower energy and operating costs. - Inclusive: Roll renewable equipment costs into the loan. How to Go Green: - Energy Reduction: Reduce energy consumption by 10% or more. - Renewable Energy: Produce on-site renewable energy covering 15% of your energy use. Qualifying Improvements: - Energy-Efficient Building Upgrades: Improved roofing, energy-efficient windows, doors, and insulation. - Renewable Installations: Solar, wind, geothermal, hydropower, and biomass. - Efficient HVAC Systems: High-efficiency HVAC units or improvements with timers or sensors. - Efficient Lighting: Replacement with high-efficiency fixtures. Want to learn more about Green Energy Loans? Contact a TCM Loan Officer today! Debby Gustafson 651.302.7234 Sheil Nelson 651.302.7226 Mike Kinderman 651.302.7239 Michael Kinninger 651.302.7240

It may be heating up, but SBA 504 rates are cooling down in July!

SBA Lifts Cap on 504 Loan Program for Clean Energy Projects On May 30th, the Biden-Harris administration announced new initiatives and resources to bolster the Clean Energy Economy, including removing the cap on the 504 loan program for clean energy projects. CDCs Empowering a Greener Future In this announcement, Administrator Guzman emphasized, “Small businesses and start-ups play a crucial role not only in innovating to develop the future of climate technology but also in adopting sustainable practices and transitioning to clean energy to help advance President Biden’s ambitious goal of net zero by 2050…the SBA is focused on ensuring small businesses have access to the capital they need to help our nation transition to a clean energy economy.” Key Highlights: - No More Loan Limits: The previous limit of three SBA 504 loans of $5.5 million each for energy public policy projects has been lifted. Borrowers can now secure as many 504 loans up to $5.5 million each for which they qualify. - Eligible Projects: Energy public policy projects include initiatives that reduce energy consumption (e.g., retrofits) and renewable energy projects (e.g., adding solar panels, wind turbines, or geothermal). Contact a TCM Loan Officer today! Debby Gustafson 651.302.7234 Sheil Nelson 651.302.7226 Mike Kinderman 651.302.7239 Michael Kinninger 651.302.7240