MDC Small Business Assistance Program

We are proud to be partnering with the Midland Development Corporation to assist local small businesses in Midland that have been impacted by the COVID-19 pandemic. 

Business is ELIGIBLE to apply if it:

    • Is located within the city limits of Midland, Texas
    • Is either headquartered in Midland, Texas or a franchise that is wholly locally owned
    • Has been in existence since January 1, 2019 or before
    • Can provide one year of business financials and most recent tax return, in addition to all documentation listed below
    • Is registered with the Texas Comptroller’s office and is currently in good standing
    • Did not exceeded 15 full-time employees EQUIVALENT at any point during calendar year 2019
    • Has maintained a minimum of 2 full-time employees throughout calendar year 2019
    • Can demonstrate a decline in revenue equal to or greater than 50% in April 2020 (the period 4/1/2020-4/30/2020), in comparison to revenue from April 2019 (the period 4/1/2019-4/30/2019)
    • Can prove that any employed family members have been on payroll since January 1, 2020

Business is NOT ELIGIBLE to apply if it is:

    • A publicly traded entity
    • A government entity
    • A nonprofit organization of any kind
    • A recipient of federal funding under the CARES Act or SBA Paycheck Protection Program in 2020
    • An industry designated as NAICS 21 (Mining, Quarrying, and Oil and Gas Extraction)
    • An industry designated as NAICS 5311 (Lessors of Real Estate)
    • Has ever received funding from the MDC

Please email your completed application (English or Spanish) with all requested supporting documentation to or bring by to Community National Bank, 500 West Illinois, Suite 1200.

The deadline to submit applications for the program is October 31, 2020. After this date, applications will no longer be accepted. 

Please contact us at 432.262.1660 with any questions.

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