Fridley Business Loans

Flexible Terms, Minimal Fees, Efficient Processing

The City of Fridley HRA offers a great commercial/industrial loan, administered by the Central Minnesota Development Company (CMDC), which is authorized to provide Small Business Administration loans throughout Minnesota as well as other loan products.

These loans are designed to leverage other private financing.

What can the funds be used for?

Projects must be a for-profit business and located in a commercial or industrially zoned area. Loan proceeds can be used for fixed assets including land, building, machinery, and equipment (no working capital).

Loan Amounts:

Minimum = $50,000
Maximum = $150,000
*Certain exceptions apply.

Other Fund Required:

At least 55 percent of project financing must come from a private lender or private equity.

Interest Rate:

Determined by market conditions at loan closing.


Maximum of 10 years for machinery and equipment;
Maximum of 15 years for real estate.

CMDC logo

For more information or to apply, contact Timothy Walker, CMDC at 763-784-3337
or visit CMDC online

Click Here for Additional Financial Resources and Incentives for businesses or contact Paul Bolin, City of Fridley HRA to learn more:

Email Paul