At a glance
From its website, read 2 Nov 2026NEIGHBORHOOD DEVELOPMENT CENTER is a loan fund based in Saint Paul, Minnesota. Its website describes commercial real estate loans, credit-builder loans, energy-efficiency loans and 3 other loan types. Stated loan amounts run from $300 to $250,000. Where it lends: Twin Cities Metro Area, Minnesota. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.ndc-mn.org |
| Office (official list) | 625 UNIVERSITY AVE W, Saint Paul, MN 55104 |
What their website says about applying
Complete our Loan Prequalification Form
sourceJoin us for a Loan Information Session—held on the first Thursday and third Wednesday of every month at 1PM!
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.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Energy / solar / efficiency loans | Rate stated, not as an APR: see their wording | at a 5% interest rate for 5 years, including up to ten hours of technical assistance | source |
| Personal / consumer loans | Term: see their wording | 12-month term, $25 dollars a month, reported to the credit bureau | source |
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.
Who qualifies, in their words
- Minimum credit score: 650
For established small businesses with owners maintaining a credit score of 650 or higher, we offer express loans
source - Training or counseling required
Anyone who has completed the CUP! Financial Empowerment Course
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 21 Oct 2026 |
| RSSD ID | — (none listed) |
| Address | 625 UNIVERSITY AVE W, Saint Paul, MN 55104 Directions (Google Maps) |
| Website | www.ndc-mn.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 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: medium. Loan products are stated on the business loans page, but the Twin Cities area is the only geography named and no state is written out. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | up to $250,000 | For established businesses seeking to invest in or expand their commercial real estate holdings, we offer financing of up to $250,000 for property acquisitions, renovations, or other real estate-related expenses. | source |
| Credit-builder loans | $300 – $300 | Receive a $300-dollar personal loan to practice good financial habits. | source |
| Energy / solar / efficiency loans | $5,000 – $250,000 | For existing small businesses, we offer loans of $5,000 – $250,000, including up to ten hours of technical assistance and a free clean energy assessment. | source |
| Microloans | up to $50,000 | For startups and existing small businesses, loans up to $50,000. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | NDC has SBA Guaranteed Loans. | source |
| Small-business loans | up to $10,000 | For established small businesses with owners maintaining a credit score of 650 or higher, we offer express loans of up to $10,000 to help cover unexpected expenses and support continued growth. | source |
Loan sizes
For startups and existing small businesses, we offer short-term small dollar loans of $500-$2,500 to support inventory, working capital, and equipment purchases.
sourceReceive a $300-dollar personal loan to practice good financial habits.
sourceFor existing businesses, loans from $50,000 – $250,000 for working capital, inventory, equipment or real estate.
sourceFor existing small businesses, we offer loans of $5,000 – $250,000, including up to ten hours of technical assistance and a free clean energy assessment.
source
Range used for the size filter: $300 to $250,000
Borrower focus
- Startups
We serve start-ups and existing business
source
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Complete our Loan Prequalification Form
source
Questions to ask when you contact them
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.
- What is the APR, including fees, on your credit-builder loans and energy-efficiency loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your commercial real estate loans and microloans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - 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.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$12.3 million in 13 awards from the U.S. Treasury's CDFI Fund, 2006–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,250,000 |
| 2022 | CDFI Equitable Recovery Program | $2,619,430 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $650,000 |
| 2018 | CDFI Program, Financial Assistance | $600,000 |
| 2017 | CDFI Program, Financial Assistance | $866,500 |
| 2015 | CDFI Program, Financial Assistance | $1,250,000 |
| 2014 | CDFI Program, Financial Assistance | $1,000,000 |
| 2013 | CDFI Program, Financial Assistance | $847,000 |
| 2010 | CDFI Program, Technical Assistance | $100,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2007 | CDFI Program, Financial Assistance | $150,000 |
| 2006 | CDFI Program, Technical Assistance | $99,975 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $42.6M |
|---|---|
| Total liabilities | $23.6M |
| Net assets | $19M |
| Total revenue | $10.2M |
| Notes and loans receivable, net (Part X line 7) | $14.7M |
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 41-1738791, filed as “NEIGHBORHOOD DEVELOPMENT CENTER INC”), 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
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $31.6M | $17.4M | $8.2M | $13.4M |
| Dec 2022 (990) | $39.7M | $16.4M | $11.1M | $13.2M |
| Dec 2023 (990) | $42.6M | $19M | $10.2M | $14.7M |
Total assets grew 35% from Dec 2021 to Dec 2023; notes and loans receivable rose 10%. 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).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $250,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 38% of these 184. |
| Total assets, latest IRS Form 990 | $42.6M | Larger than 63% of the 19 other certified loan funds and venture funds in Minnesota with a matched Form 990 (median $20.5M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 38% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Minnesota | 19 | larger than 63% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
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 Saint Paul and Minnesota
- Hmong American Partnership ECDCLoan fund · Saint Paul, MNSmall-dollar / emergency loans, Equipment loans, Small-business loansVerified
- Latino Economic Development CenterLoan fund · Saint Paul, MNAgriculture / farm loans, Small-business loansVerified
- NeDA Centro de Finanzas LLCLoan fund · Saint Paul, MNOfficial list only
- Shared Capital CooperativeLoan fund · Saint Paul, MNCommercial real estate loans, Equipment loans, Affordable housing development loans, Small-business loansVerified
- University Financial Corp.Bank holding company · Saint Paul, MNAuto / vehicle loans, Commercial real estate loans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage)Verified
- WomenventureLoan fund · Saint Paul, MNSmall-business loansVerified
Work at NEIGHBORHOOD DEVELOPMENT CENTER? Link to this page
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.