Banks support nonprofit lender to small businesses

02/18/2013 | Star Tribune (Minneapolis-St. Paul, Minn.)

Minneapolis' Butter Bakery Cafe is finding its banks, Wells Fargo and Franklin Bank, still hesitant to lend. The small business turned to nonprofit lender Metropolitan Consortium of Community Developers for a loan to expand. The consortium is supported by Franklin, Wells Fargo and other banks that think companies helped by the group could one day become a commercial account.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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