Benefits of Membership


The primary goal of the Twin Cities Community Capital Fund is to leverage the local economic development financing resources of our member communities. The Fund is designed to respond to a wide variety of local business financing needs, working in partnership with banks and other commercial lenders.

• Members can originate loans of up to ten times the amount they deposit with the Fund. For example, a Class B member who deposits $100,000 can originate loans of up to $1,000,000 through TCCCF.
  
• There is no limit on the number of loans that a member can originate.
  
• By selling all loans to secondary capital markets on an advance commitment basis, the originating member significantly reduces and can even eliminate potential loan loss risk.
  
• Members determine which projects they wish to support through the TCCCF Loan Fund, which can be used as a gap-financing source for most local economic development projects.
  
• Experienced loan officers work closely with members, prospective borrowers, and participating lenders in analyzing and structuring financing deals that best meet the needs of all parties. The interest rate and terms of all TCCCF loans are negotiable, with most loans subordinate to the lead lender in the financing package.
  
• TCCCF prepares all documents for loan closings and negotiates the sale of all member-originated loans to the secondary market, without any cost to members.
  
• TCCCF members are able to take advantage of the New Markets Tax Credit program, which provides for below market rate loans to eligible borrowers, without having to handle any of the paperwork associated with participation in this new Federal economic development initiative.