About the FundProject Financing Examples
Cloquet Community Hospital
MCCF provided a $2.5 million loan in conjunction with a $10 million loan from Wells Fargo Bank in Duluth as part of a $14 million expansion project.
Under the Rainbow Child Care Center, Red Wing
MCCF provided a 15-year, fixed-rate $64,000 loan in partnership with a local bank and the Southern Minnesota Initiative Foundation for the construction of this $660,000 new nonprofit daycare center.
Dostal Electric, Dodge Center
This new home for a growing electrical contracting business was financed by both a 10-year and 20-year fixed-rate real estate loan in partnership with a local bank. The total cost for the construction of this new facility was $432,000. MCCF provided total financing support of $109,200.
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