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MMCDC receives $4.6 million in funds

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The Detroit Lakes-based Midwest Minnesota Community Development Corp.has received $4.6 million in small business loan funding from the U.S. Treasury.

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The SBLF is a $30 billion fund created through the Small Business Jobs Act, which was signed by President Barack Obama last year to foster lending that can spur growth and job creation.

Its funds are available to community banks with less than $10 billion in assets.

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