Modern Design Cabinetry is a family-owned custom cabinet shop with showrooms in Cologne and Rochester, MN. As demand for their services grew, the company began to run out of manufacturing space at their current facility. As a result, ownership pursued the purchase of a second manufacturing location — a building that once housed a grocery store in a neighboring town.
With guidance from their banker and the team at Amplio, Modern Design Cabinetry acquired the building by utilizing SBA financing alongside a traditional bank loan. The SBA loan proved instrumental, helping to secure a competitive rate that reduced overall costs. The Amplio team provided support throughout the process, making everything smooth and straightforward from start to finish. Soon after, Modern Design Cabinetry partnered again with their bank and Amplio to refinance their existing Cologne facility loan — securing another low rate.
As a result, Modern Design Cabinetry has been able to continue providing jobs in southern Minnesota, a critical role that local businesses serve that is sometimes taken for granted. In fact, companies like Modern Design Cabinetry highlight the power of shopping local. When community members choose hometown businesses, they’re supporting long-term jobs, reinvesting in neighborhood infrastructure and helping family-owned companies grow and thrive for the next generation.
You can learn more about Modern Design Cabinetry at www.moderndesigncabinetry.com.
If you’d like more information on how Amplio can help your local business, contact us today.
