TCCCF is a nonprofit loan fund that offers customized, flexible financing solutions that are designed to fit most every business need. Its long-term, subordinated, fixed rate loans are made in partnership with local lenders and the Brooklyn Park Economic Development Authority. The goal is to put together a financing package that meets the needs of both the borrowers and participating lenders. Loans are competitively prices and offer the flexibility of negotiable interest rates and terms. The application approval process – from the receipt of a completed loan application to the loan commitment – provides for loan approvals usually within 2-4 weeks, depending on the amount of the loan.
With a TCCCF loan you can finance:
· Fixed assets, including land and building purchases.
· Building construction (permanent financing only).
· Leasehold improvements and building renovations.
· Machinery and equipment purchases, renovation, and moving expenses.
· Working capital.
For more information about how to apply for a TCCCF loan, contact the Brooklyn Park Business Developer at 763-493-8058 or the Twin Cities Community Capital Fund at 952-546-0949 and ask to speak with one of the loan officers. Loan applications, including detailed financing policies and credit criteria can be found at
www.tcccf.org.
