How long has TCM Certified Development Co. been a part of the Vadnais Heights community? How many employees? 

TCM has been in Vadnais Heights since 2006. TCM currently employees 13 full-time employees.

What are TCM values that make it unique in its field?

 Commitment to Twin Cities-Metro CDC Clients

Provide high quality and prompt service to lending institutions and small businesses availing themselves of Twin Cities-Metro CDC services for the processing of Small Business Administration loans.

Commitment to Twin Cities-Metro CDC Staff

Foster a climate that encourages staff commitment to the clients they serve and loyalty to their employer. Provide a superior working environment, with compensation programs and policies that reflect the need for the involvement of the entire staff.

Commitment to Community

Encourage staff involvement in areas where they can further the public’s knowledge of the various Small Business Association’s programs. Staff is further encouraged to contribute their professional expertise by participating in programs involving the public sector in their economic development efforts.

Commitment to Sharing

The desire to share the financial success of Twin Cities-Metro CDC with other organizations providing direct assistance in the form of loans to minority enterprises and education in numerous ways has been and continues to be an interest of the staff and its board of directors.

Since 1994, TCM has provided grants of over $2.5 million to local non-profit organizations involved in economic development. The majority of these funds are used to assist businesses owned by minority and other underserved constituencies.

Describe the ways TCM is involved in the community, outside of its field — ways that strengthen/improve the community.

TCM supports various local organizations and events with donations and sponsorships and has recently sponsored a staff outing at Feed My Starving Children in Coon Rapids.   

TCM employees are involved on non-profit boards, and various non-profit organizations including loan committees for loan programs targeting under-served markets, economic development organizations, chambers of commerce and trade associations throughout our service area.

What professional services does TCM offer? 

TCM is a non-profit Certified Development Company established in 1990 and authorized by the SBA to provide SBA 504 loans throughout Minnesota and within nine counties in Western Wisconsin.

Certified Development Companies provide access to a flagship lending program of the U.S. Small Business Administration called the SBA 504 program that has a focus on economic development. Loans are made in partnership with a private commercial lender to qualifying Small Businesses for the acquisition of fixed assets including land, building, and long-life equipment. The loan is also contingent upon the Small Business creating or retaining jobs, and/or meeting specific economic objectives such as loans to businesses owned by minorities, women, or veterans, the expansion of manufacturers, rural development, and projects that result in significant energy production and/or efficiency gains.

Since inception, TCM has been a leading provider of SBA 504 loans, having originated over 2200 loans totaling in excess of $1.1 billion.