MDC Small Business Assistance Program

small business assistanceThe Midland Development Corporation (MDC) is initiating a small business assistance program to offer funding for local Midland businesses affected by the COVID-19 pandemic. The MDC is committing up to $1 million from its promotional fund to provide small businesses with forgivable loans of up to $25,000. 

Applications for the program will be accepted beginning on July 6. The MDC is proud to partner with Community National Bank (CNB) for this initiative. CNB will process all loan applications, with final approval given by the MDC. To qualify for the Small Business Assistance Program, businesses must meet a set of eligibility requirements:

Download the eligibility requirements and application. (English)

Download the eligibility requirements and application. (Spanish)

Completed applications should be sent to smallbusiness@cnbtx.com

For additional questions and assistance with the application process, please contact Community National Bank by phone at 432-262-1660 or in person at 500 West Illinois Avenue, Midland, Texas. Se habla español.