Thursday, September 6, 2018 Minnesota Business Finance Corporation (MBFC) was recognized as the Top Certified Development Company (CDC) in Minnesota based on SBA 504 loan volume at the 6th Annual Minnesota SBA Lenders Conference.
Nancy Libersky, District Director of the MN SBA District Office and Robert Scott, Regional Administrator for the SBA’s Great Lakes Region congratulated MBFC and presented Tom Saehr, President & CEO and Nadene Kruize, Senior Vice President with the award honoring MBFC’s 2018 accomplishments.
This is the fourth consecutive year MBFC has received this award from the MN SBA District Office. MBFC is consistently ranked in the Top 20 of the 200+ CDC’s in the Nation and is honored to receive this prestigious award.
Thank you to our Lending Partners and
Small Business Borrowers for making
MBFC the #1 CDC in Minnesota!
MBFC’s “Money Tree” winners at our exhibitors table drawing!
- Brandi Nelson, VP/Manager of SBA Lending from Falcon National Bank, St. Cloud
- Greg Hohlen, Senior VP/SBA Specialist Commercial Loan Officer, Minnwest Bank, St. Cloud, MN.
Thank you to all who entered to win.
MBFC recently presented a grant check to North Central Minnesota Small Business Development Center (SBDC) in Brainerd, MN.
The North Central SBDC will use grant funds for loan packaging related to small business lending in Aitkin, Cass, Crow Wing, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Todd, and Wadena counties. When a small business owner works with the SBDC they provide assistance working with commercial lenders, consultants, non-profit lenders, and other resources to ensure small business owners have access to the appropriate financing they need to grow.
For more information about the North Central SBDC, located on Central Lakes College campus in Brainerd, please click here.
To apply for a MBFC Economic Development Grant, or for more information about MBFC’s VetLoan Advantage Rebate program, please contact a Business Development Officer at your local MBFC office near you today!
(Pictured: Brian Swanson, Owner-Kit Masters, Inc. accepting a check from Mike Stearns, Vice President-MBFC)
Kit Masters Receives $3,000 MBFC VetLoan Advantage Rebate
MBFC is honored to present Brian Swanson, of Kit Masters, Inc. in Perham, MN, our VetLoan Advantage Rebate for $3,000. MBFC is the only Certified Development Company in Minnesota to offer a rebate to business owners that are active or retired members of military service.
Kit Masters manufactures heavy-duty, aftermarket components such as fan clutches, rebuilding kits, and accessories for large diesel engines. It was a home based business back in 1996 and has grown considerably into a very successful manufacturing business. Their most recent development is the purchase of land and construction of a new building using an SBA 504 loan through MBFC in partnership with United Community Bank in Perham, MN as the lead lender.
Brian is part of a four-brother business operation, along with Darrin, Craig, and Trent. They have expanded and built a 32,000 sq ft facility in Perham, MN for better layout of equipment. This will accommodate the increased capacity of each machine. They will also be able to use the space for research and development as well as improve the flow of shipping orders.
Swanson shared part of his military experience from 1986-1988. He was stationed in Hawaii in the Army as a 13E Cannon Fire Direction Specialist at the headquarters for the 25th Infantry Division (Tropic Thunder) at Schofield Barracks. His job was calculating firing distance and ordinance. His specific role was supporting the coordination of troop activity for the entire artillery division. He states that he learned numerous life lessons that shaped him “as a man and a member of society, most notably how to trust and depend on others and be someone deserving of other’s trust and confidence.”
For more information about Kit Masters, Inc. and a link to their business website, please click here.
MBFC thanks Brian for his military service. For more information about MBFC’s VetLoan Advantage Rebate, which is a strategic initiative of NADCO, or details on how to apply, please contact your local MBFC Business Development Officer today!
Lenders, are you ready to attend the 2018 SBA Minnesota Lenders’ Conference?
Thursday, September 6th, 2018
Marriott Minneapolis Northwest
7025 Northland Drive N
Brooklyn Park, MN 55428
8:00 a.m. – 4:30 p.m.
Ready to sharpen your skills as a leading SBA lender in the State? The 2018 SBA Minnesota Lenders’ Conference is coming soon. Attend workshop sessions and see vendor exhibits highlighting the ways to meet businesses need for capital.
Training includes (but not limited to) the following topics:
- SBA 504 Program
- SBA 504 Refinance
- 7(a) Servicing
- Purchase Requests
- Credit Elsewhere
MBFC will be in attendance at the conference! Come see our exhibit and enter to WIN one of our two $100 Money Trees, that’s right – cash prize! Stop by our booth to register. We’d love to see you! If you have any questions, please see your Business Development Officer for more details how to enter to win.
Increasing Interest Rates a Concern?
Take advantage of
In today’s environment of increasing interest rates, now is the time to help your borrowers take advantage of the 10, 20, and now 25 year fixed interest rates that SBA 504 can offer.
The SBA 504 Refinance program is an excellent way to help your existing borrowers feel secure with a long term fixed rate!
July is the 1st month for
pricing on the 25 year
fixed rate debenture!
Give your MBFC Business Development Officer
a call today for additional information!