Twin Cities-Metro Certified Development Company: SBA Lending Record

A development company in Minnesota

Twin Cities-Metro Certified Development Company, filed under MN, has 649 loans listed in SBA's data for FY2017 to FY2026, worth $617.5 million of gross dollars approved. Every loan is SBA 504, and there are no 7(a) loans. For 504 loans SBA names Twin Cities-Metro Certified Development Company as lender of record and carries the third-party first-lien lender as free text, uncredited. The guarantee belongs to SBA, and the page describes holdings, not practices.

Minnesota only

The state table has one line: Minnesota, 622 loans. Of the 649, 403 have no named class. The named classes begin with full-service restaurants, at 41 loans, dental offices have 30, child care 28, automotive repair 24 and the fitness center 19.

Cancellation and loss floors

Cancelled share, FY2017 to FY2024 approvals: 5.4% minimum. 6.5% maximum, with undisbursed loans counted as cancelled. The cohort charge-off rate is withheld by Loan Analytics' own rule, as the cohort has fewer than 30 loans; it is not a zero.

What 504 asks of a study

A 504 deal includes a first-lien loan alongside Twin Cities-Metro Certified Development Company's portion, so the study must set out the entire capital stack, the equity, and the cash flow serving both layers. For a dental office, the second class by weight at 30 loans, test how many operatories there are, how many patients they see and what the practice or fit-out costs. For child care, 28 loans, test licensed capacity, staffing ratios and how long rooms take to fill. For a restaurant, compare sales per seat against occupancy cost. With 403 loans without a named class, unusual property types must supply their own evidence. Because the whole file sits in Minnesota, a project elsewhere should say why it belongs here, and every project needs an appraisal that supports the cost.

Limits of a single-state file

With 622 loans in Minnesota and 403 unclassified, the file describes one state and a minority of named classes. The cancellation range of 5.4% to 6.5% is the one outcome measure, since the charge-off rate is suppressed. Treat the page as a snapshot of this development company's holdings. A Minnesota project is near the centre of the record, and a project elsewhere has to make its own case.