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Jing S , ✓ <br /> Pte- <br /> so mom A11 Vor I ® Toh„uG, <br /> ■gym■► �■ 111. ■ ••— ` •omr7oot <br /> • CENTRAL MINNESOTA DEVELOPMENT COMPANY <br /> 1308 Coon Rapids Boulevard, Suite 211 • P.O. Box 33346 • Coon Rapids, Minnesota 55433 <br /> (612) 755-2304 • Fax (612) 757-4955 <br /> March 21, 1994 <br /> Mr. James Simpson <br /> Bank of Elk River <br /> 630 Main Street <br /> Elk River, MN 55330 <br /> RE: CENTRAL MINNESOTA DEVELOPMENT COMPANY <br /> Dear Mr. Simpson: <br /> Nearly one year ago, representatives of Central Minnesota Development Company (CMDC) met with <br /> a group of lenders from Sherburne and Isanti Counties to discuss how our organization could be of <br /> assistance to businesses located in those counties. <br /> Formerly known as Coon Rapids Development Company, CMDC is one of eight private, non-profit <br /> development companies in the state of Minnesota whose function is to pre-screen loans for the Small <br /> Business Administration (SBA), and to service those loans once they are granted. Currently, our <br /> • service area is limited to Anoka County; however, we continue to be contacted periodically by banks <br /> outside of this area, asking if we can provide assistance to their borrowers because of our close <br /> proximity to Sherburne and Isanti Counties. <br /> The purpose of this letter is to tell you that CMDC continues to be interested in providing SBA loan <br /> assistance to businesses outside of our network. We would like to meet with you to determine if <br /> your bank shares this interest, as well. <br /> In a few days, Mr. Mike Mulrooney, one of CMDC's new Directors, will contact you to schedule <br /> an appointment to discuss how our organization can benefit both you and your business borrowers. <br /> We believe that bank support is the most crucial element to the continued success of our loan <br /> program and organization. I have included with this letter information on the SBA 504 loan program <br /> which CMDC is certified to administer. <br /> Thank you in advance for your consideration. I look forward to seeing you soon. <br /> Sincerely, <br /> Central Minnesota Development Company <br /> )727&.. <br /> Kristin M. Wood <br /> • Administrator <br /> KMW:ld <br /> Enclosure <br /> cc: Mike Mulrooney <br />