Below is a recent article from Finance & Commerce. F&C published a recognition piece by the SBA regarding Lenders in Minnesota which are helping small businesses.
MBFC is a Certified Development Company licensed by the SBA to do loans through the U.S. SBA 504 loan program. MBFC is a 4 time recognized top CDC in Minnesota. With offices in Minnetonka, Detroit Lakes, and headquarters in Saint Cloud – they can serve all your lending needs across the state.
Minnesota Business Finance Corporation (MBFC) held their FY2018 Annual Membership Meeting on Thursday, November 29, 2018 at the Courtyard Marriott in Saint Cloud, Minnesota.
Thank you to our Board of Directors, Membership, Lenders, Economic Development Officials, and SBA Officials for a very successful year. MBFC celebrated being awarded the MN CDC of the Year based on volume for the fourth consecutive year.
Nancy Libersky, District Director, Alisha Podobinski, Lender Relations Specialist, and Twila Kennedy, Lead Economic Development Specialist attended as guests from the U.S. SBA Minnesota District Office.
Libersky spoke to MBFC’s Membership and Staff. Her comments reaffirm that Minnesota is positioned as one of the nation’s leading SBA 504 loan program states, both by the number of small businesses and volume of loan growth we continue to see.
(Pictured below: Podobinski and Libersky from the SBA with Nadene Kruize and Tom Saehr of MBFC)
(Pictured: Nadene Kruize, Senior Vice President of MBFC, Tom Koerber, Senior Vice President of First Independent Bank, and Tom Saehr, President & CEO of MBFC.)
The Third Party Lender of the Year award is given to the lender with the highest dollar amount of SBA 504 debentures approved by MBFC and the U.S. Small Business Administration (SBA) within the fiscal year. The award was presented to Tom Koerber, Sr.VP of First Independent Bank, located in Russell, MN.
(Pictured: Nadene Kruize, Senior Vice President of MBFC, Mike Paulus, Executive Director of Cass County EDC, and Tom Saehr, President & CEO of MBFC)
Mike Paulus was awarded the Co-MBFC Member of the Year award due to SBA 504 loan referrals made during FY2018. He is a strong supporter of the program, working to grow the small business sector in and around Cass County, MN.
MBFC’s Member of the Year
(President, CMG Finance, Brainerd, MN)
(Pictured: Nadene Kruize, Senior Vice President of MBFC, Gordon Winzenburg, President of CMG Finance, and Tom Saehr, President & CEO of MBFC)
Gordon Winzenburg, President & Owner of CMG Finance located in Brainerd, MN was also awarded the Co-MBFC Member of the Year due to SBA 504 loan referrals made during FY2018. Winzenburg is a commercial loan packager who has been a longstanding member of MBFC and supporter of the SBA 504 program. He is also a current a MBFC Board Member.
Thank you to all our partners across the state for your support of the SBA 504 program by using MBFC as your top choice of CDC’s in Minnesota.
If you would like more information about using the SBA 504 loan program, or more information about MBFC, call a Business Development Officer near you today.
Minnesota Business Finance Corporation (MBFC) is honored to present Lonnie Ballweg our VetLoan Advantage Rebate of $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. MBFC’s VetLoan Advantage Rebate is part of a strategic initiative of the National Association of Development Companies (NADCO) VetLoan Advantage program.
(Pictured: Jerry “JP” Polejeski (left) of Bell Bank, Lonnie Ballweg (right) Owner of Wash N’ Go, displaying the check from Mike Stearns of MBFC, on behalf of MBFC’s VetLoan Advantage Program.)
Lonnie took a vacant convenience store property on the north side of Fergus Falls and put up a completely new car wash facility. Wash N’ Go is an automated car wash, featuring a touch wash, a touchless wash and an oversized-vehicle touchless wash bay. For more information about Wash N’ Go, please visit their website at: FergusWashNGo.com
Lonnie had 20 years of combined distinguished service in the Air Force and the Air National Guard. Lonnie served 2 years of active duty, 13 years in the North Dakota Air Nation Guard as a “Happy Hooligan”, and 5 years at the 133rd Airlift Wing assigned to the 210th Engineering and Installation Squadron. As a medical technician for 15 years, Lonnie then decided to cross train into information systems management until he retired. During this time in the military, he traveled across the world to several locations from Guam to Africa and many locations in between, proudly serving our country.
If you are interested in additional information or to inquire about
MBFC’s VetLoan Advantage Rebate program
please contact your MBFC Business Development Officer today!
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!