HomeMy WebLinkAboutV.B. Loan Closing Highlight - Spiral Food Coop (2)MCCD is a 501(c)(3) nonprofit and through the Open to Business
program we provide business assistance and capital to entrepreneurs
in the greater Twin Cities region. Our experienced consultants work
with small business owners to access the technical assistance and
financing options they need to succeed.
Loan Closing Highlight
Spiral Food Coop has been a staple in Hastings, MN since 1979. After outgrowing its prior locations,
Spiral opened its doors at 1250 S Frontage Road, Hastings, MN 55033 in 2011 where it currently
operates today. Spiral offers natural, mostly organic, affordable, healthy, local food and has deep
relationships with local farmers and small businesses in the community. Spiral’s unique offerings include
locally grown and farmed produce and dairy, bulk spices, natural wellness products and vegetarian and
vegan products that cannot be found elsewhere in the market.
Spiral Food Coop
Location
1250 S Frontage Road
Hastings, MN 55033
Purpose of Loan
Tenants Improvements,
Working capital & Equipment
Project Funding
MCCD: $50,000
City of Hastings: $50,000
Bank: $180,000
Total investment: $615,000
Jobs Supported
10 Retained
10 Created
"This expansion project really wasn’t going to start without the financing. The City was on board
to participate but they weren’t going to be able to finance the entire gap. Without MCCD’s help I
don’t know if we would have been able to complete the project. MCCD’s participation in the
financing was really key for us to move forward. I would recommend MCCD to any business that
is looking to grow within their community.”
-Matt Malecha General Manager of Spiral Food Co-op Hastings
(612) 789-7337 | info@mccdmn.org
3137 Chicago Ave, Minneapolis, MN 55407