Category Archives: Announcements

MBFC’s Loan Portfolio Reaches $250 Million!

At a recent 2 day Strategic Planning session in Duluth, MN, the MBFC Board of Directors recognized MBFC staff for achieving an active loan portfolio of over $250 million. Pictured below are from left to right: Tom Saehr, President and … More »

SBA 504 Servicing Changes

As many of you may be aware, the SBA awarded the SBA 504 loan servicing contract to Wells Fargo Bank, N.A. Corporate Trust Services as Central Servicing Agent (CSA) in 2012.  The conversion from Colson Services Corp. to Wells Fargo … More »