Category Archives: Uncategorized

Grant Awarded to Southwest Initiative Foundation

Minnesota Business Finance Corporation (MBFC) awarded a grant of $1,500 to the Southwest Initiative Foundation (SWIF) in Hutchinson, MN.  Nadene Kruize, Senior Vice President of MBFC presented the check to Diana Anderson, President and CEO of SWIF. MBFC is proud to partner … More »

Great News! SBA 504 Fee Reduction Announced for FY2018

Fee Reduction Announced for the SBA 504 Loan Program! On August 15, 2017, SBA issued SBA Information Notice 5000-1954 and has provided information on the fees for 504 Loans approved during FY2018. These changes are applicable only to loans approved … More »

SBA 504 Refinance CHANGES!

SBA has made favorable changes to the SBA 504 Refinance Program! Eligibility – New Business Definition The borrower must have been in operation for 2 years as of the application date evidenced by financial statements submitted with the application.  Any … More »

Hoffman & Hamer Receive MBFC’s VetLoan Advantage Rebate

Minnesota Business Finance Corporation (MBFC) is honored to present Jason P. Hoffman, co-owner of Hoffman, Hamer & Associates, PLLC, our VetLoan Advantage rebate check for $3,000.  MBFC is the only Certified Development Company in Minnesota to offer a rebate to … More »

SBA 504 Refinance is Here!

SBA 504 Refinance is Here! MBFC President & CEO, Tom Saehr, is attending the NADCO Spring Summit being held in Washington D.C. and has reported some great news! The U.S. Small Business Administration (SBA) has announced it will start processing … More »