MBFC Awards Tom Reid’s VetLoan Advantage Rebate

Minnesota Business Finance Corporation (MBFC) is honored to present Dr. Keifer and Tom Reid with ourVetLoan Advantage award check for $3000. 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.Tom Reid and Dr. Robert Keifer are partners in Tom Reid’s Hockey City Pub in downtown St. Paul, Minnesota.  The Pub is located on West Seventh Street near the Xcel Energy Center, the home ice of the Minnesota Wild hockey team.  This area is experiencing new development and growth and Keifer and Reid were looking to secure additional parking and expansion space for the Pub.

Dr. Keifer served in the U.S. Air Force as a dentist. He owns his dental clinic, Northeast Dental, and has practiced for over 40 years.

At MBFC, we believe in supporting veterans and improving our communities by providing more-affordable funding for start-up and existing businesses. That’s why we have partnered with the National Association of Development Companies (NADCO) to offer VetLoan Advantage, a program that will complement the Small Business Administration’s (SBA) veteran loan strategic initiatives.

This is our way of thanking all members of military service, especially those who are just re-entering the workforce and transitioning back into civilian life.

(Pictured above: Dr. Robert Keifer and Tom Reid of of Tom Reid's Hockey City Pub in St. Paul, Minnesota)

(Pictured above: Dr. Robert Keifer and Tom Reid of of Tom Reid’s Hockey City Pub in St. Paul, Minnesota)

For more information please contact your nearest MBFC Business Development Officer or visit our website at mbfc.org.

Carlos Creek Winery Awarded “Best of Minnesota” by WCCO

carlos creek 2

MBFC is proud to announce our current customer Carlos Creek Winery has been honored with WCCO’s Best of Minnesota award as “Best Winery”. Viewers from all across Minnesota voted on categories of awards and selected Carlos Creek Winery in Alexandria Minnesota as the winner.

Carlos Creek Winery makes many varieties of grape and other fruit wines. It was purchased by Kim and Tamara Bredeson in 2008 using an SBA 504 loan. The property also boasts an 8,000-tree apple orchard, and most of the apples in the vineyard are used to make apple wines such as apple blueberry, apple strawberry and a new combination: apple cranberry. Carlos Creek Apple wines have won multiple awards including a Double Gold Medal and Best of Class at the 2014 Riverside International Wine Competition.

The winery has allowed Kim and Tamara Bredeson to incorporate other businesses into the venture, making the entire property a highly rewarding operation. Kim’s Riverbound Carving dovetails nicely into the rural, natural ethos of the winery, which houses eight to 10 artists who rent stalls in the horse barn to display their items for sale during the summer months.  Perhaps the biggest draw to the location is their annual wine stomp that attracts 12,000 to 18,000 visitors each fall.

For more information please click on “Success Stories”. To see the complete news article on CBS, click the link “Best of the Best”.

MBFC Awards First VetLoan Advantage Rebate

(Pictured above: Jessica and Dale Kelm of Kelm Enterprises, Inc. and Birch Haven Senior Living, Ashland, Wisconsin)

(Pictured above: Jessica and Dale Kelm of Kelm Enterprises, Inc. and Birch Haven Senior Living, Ashland, Wisconsin)

Minnesota Business Finance Corporation (MBFC) is honored to present Dale and Jessica Kelm of Kelm Enterprises, Inc. with our VetLoan Advantage award check for $3000. 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. 

At MBFC, we believe in supporting veterans and improving our communities by providing more-affordable funding for start-up and existing businesses. That’s why we have partnered with the National Association of Development Companies (NADCO) to offer VetLoan Advantage, a program that will complement the Small Business Administration’s (SBA) veteran loan strategic initiatives.

This is our way of thanking all members of military service, especially those who are just re-entering the workforce and transitioning back into civilian life.

For more information please contact your nearest MBFC Business Development Officer or visit our website at mbfc.org.

MBFC Announces Duluth Office Hours!

Pictured: Terry Stein, Vice President-MBFC and Elaine Hansen, Director-UMD Center for Economic Development/Regional Director-NE & NW SBDC

Pictured: Terry Stein, Vice President-MBFC and Elaine Hansen, Director-UMD Center for Economic Development/Regional Director-NE & NW SBDC

In partnership with the Northeast Regional Office of the Minnesota Small Business Development Center (SBDC), Minnesota Business Finance Corporation is pleased to announce office hours in Duluth, MN!

Terry Stein, Vice President with MBFC will office out of the Duluth SBDC on a monthly basis, the first Wednesday of every month. These office hours are in addition to Terry’s normal presence in the Duluth area.

“I look forward to using this opportunity to build MBFC’s existing strong customer service culture to promote the economic growth within the Northeastern Region,” said Stein.

We encourage you to take advantage of working with MBFC at this new location!

Terry’s Contact Information:
Email: tstein@mbfc.org
Cell: 320-333-9033

Duluth SBDC Location:
University of Minnesota-Duluth
Duluth Technology Village
11 East Superior Street, Suite 210
Duluth, MN 55802
website: www.umdced.com

NADCO selects MBFC’s entry for an Economic Development Opportunity Grant Award

Minnesota Business Finance Corporation (MBFC) is proud to announce the nominee Metropolitan Consortium of Community Developers (MCCD) was selected as one of seven NADCO Economic Development Opportunity Grant Award winners at the 2014 NADCO Annual Meeting in Colorado Springs, CO in May.

The grant for $2,750 was presented by Tom Saehr and Michelle Mueller of MBFC to Jim Roth, Executive Director of MCCD on Wednesday, May 28. NADCO selected MCCD because of their continued support to find financing for small businesses that can’t otherwise find the capital they need.

MBFC President & CEO Tom Saehr and Vice President Michelle Mueller presenting award to Iric Nathanson of MCCD

MBFC President & CEO Tom Saehr and Vice President Michelle Mueller presenting the grant to Jim Roth, Executive Director of MCCD

 

MCCD is an association of nonprofit community development organizations committed to expanding the wealth and resources of neighborhoods through housing and economic development initiatives. MCCD operates two programs which assist small business, Open to Business and Open to Lending.

Open to Business program helps new and early stage businesses access the technical assistance they need to grow and prosper. Since 2003, MCCD has loaned over $6.7 million to over 550 entrepreneurs for business start-up or expansion projects. They offer a variety of services such as loan packaging/facilitation, loans for new and emerging businesses, loans for second stage and growing businesses, and gap financing for real estate up to 10 year terms.

Mueller said “Iric Nathanson and MCCD are great lending partners on MBFC projects.  The NADCO grant is a great way to further assist them to continue the work they do in metro communities helping small businesses. ”

The grant from NADCO will assist in meeting MCCD’s overall operating budget for the Open for Business and Open to Lending programs.