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METROPOLITAN CONSORTIUM OF <br />COMMUNITY DEVELOPERS (MCCD) <br />Celebrating 25 Years Of Lending and Assistance <br />In 2014, MCCD celebrated <br />not only its 25th anniversary <br />but also 25 years of providing <br />loans and technical assis- <br />tance to small businesses. <br />When the program started in <br />1989, our largest loan was <br />only $3,000 and we only <br />made loans in Minneapolis. <br />Over the years, we have <br />adapted the loan and tech- <br />nical assistance program to <br />meet the wide range of needs <br />of both the small businesses <br />we serve and the organiza- <br />tions with whom we partner. <br />While we still make micro - <br />loans as small as $1,500, <br />we've also made loans as <br />large as $300,000 to growing <br />second stage businesses. <br />In the last 25 years, MCCD <br />2014 Highlights <br />made 850 loans totaling <br />$13.2 million. However, <br />over one-third of our total <br />loan volume was made in <br />just the last three years <br />when we started targeting <br />some of our lending to help <br />second stage businesses. <br />Since 2012 alone, we've <br />made 136 business loans <br />totaling over $4.7 million. <br />Our loans leveraged anoth- <br />er $43 million in other fi- <br />nancing, and most im- <br />portant, will lead to the cre- <br />ation or retention of over <br />900 jobs. <br />You can see the business- <br />es we've financed revitaliz- <br />ing Lake Street, serving <br />customers on Nicollet Ave- <br />nue, and helping to revive <br />Central Avenue in Minneap- <br />• MCCD helped 63 entrepreneurs se- <br />cure capital to start expand or improve <br />their businesses, including 57 who re- <br />ceived direct loans from MCCD. <br />• These 57 direct borrowers were locat- <br />ed in 25 communities throughout the <br />metropolitan area. <br />• MCCD support enabled our entrepre- <br />neurs to access nearly $22.4 million in <br />capital for their business projects. <br />olis. They are helping to build <br />communities from Brooklyn <br />Park to Waconia and from <br />Shakopee to Hastings. <br />• Open to Business advisors provided <br />valuable technical assistance to 740 <br />entrepreneurs. <br />* MCCD provided 108 metro area resi- <br />dents with credit building loans. <br />Credit building borrowers who complet- <br />ed the program saw their credit scores <br />increase an average of 35 points. <br />