Metropolitan Consortium of Community Developers

What their website says about applying

• Connect with a business advisor to discuss your opportunity and the details of your request. source
• To continue determining your eligibility for the loan application, MCCD will ask you to respond to a short, web-based survey. source
• Working from a provided document checklist, upload all the application documents you have gathered. source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• ITIN accepted ITIN and fee-based lending options available source
• Membership required Available only to MCCD consortium members, this fund is designed to provide access to affordable and flexible funds source

Only rules the lender's own pages state. Other requirements may apply.

Read from 5 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. The Opportunity Fund is open only to consortium members, and the credit-builder loan has no stated amount range. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Do you lend where I live, or where my business is?
   Their website does not say which area they serve.
2. What is the APR, including fees, on your credit-builder loans?
   Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare.
3. Is there a minimum credit score, and do you consider borrowers with little or no credit history?
   Their website does not say what credit history they accept.
4. Do you need collateral, a business plan or a minimum time in business?
   Their website does not say what they require.
5. Can I apply online, or do I need to call or visit?
   We found no online application on their website.
6. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
7. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 41-1658654, filed as “METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer

Filings over time

Total assets grew 4% from Dec 2021 to Dec 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).

Other certified CDFIs in Minneapolis and Minnesota

• African Development CenterLoan fund · Minneapolis, MNMicroloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
• Community Reinvestment Fund, IncLoan fund · Minneapolis, MNSmall-business loansVerified
• First Children's FinanceLoan fund · Minneapolis, MNChild-care facility financing, Small-business loansVerified
• Metropolitan Economic Development AssociationLoan fund · Minneapolis, MNCommercial real estate loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
• Mni Sota FundLoan fund · Minneapolis, MN · Native CDFICredit-builder loans, Personal / consumer loans, Small-business loansVerified
• Propel NonprofitsLoan fund · Minneapolis, MNMicroloans, Nonprofit / community facility loansVerified
• The Sunlight Loan Fund, LLCLoan fund · Minneapolis, MNChild-care facility financingVerified

All 32 CDFIs in Minnesota