MBFC Top Rated CDC

On Thursday, October 24, 2013 Minnesota Business Finance Corporation (MBFC) held their FY 2013 Annual Membership Meeting at the Holiday Inn in St. Cloud.  With over 55 attendees, MBFC celebrated another successful year providing loans to the small business community, finishing the year as the top rated Certified Development Company in Minnesota, by dollar amount.  MBFC continues to service the entire state of Minnesota finishing the year with 91 loan approvals totaling over $57.8 million in SBA 504 dollars.  This generated over $156.8 million in project financing.

MBFC announced the roll out of a new initiative, VetLoan Advantage Strategic Initiative.  In collaboration with NADCO, our trade association, MBFC will offer Veteran owned businesses a rebate of $3,000 to be used to reduce fees associated with a qualifying new SBA 504 project.

Rounding out the day, MBFC heard from guest speaker, Bob Coleman, Editor of the Coleman Report and a recognized expert on small business financing.  Bob shared his outlook of the SBA 504 program as well as the future of small business and the economy.

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Pictured above are Tom Saehr, President/CEO of MBFC; Bob Coleman, Editor/Publisher of The Coleman Report; and Nadene Kruize, Senior Vice President of MBFC.

As part of MBFC’s annual meeting, awards are presented to the Lender of the Year and the Member of the Year.  For FY2013, MBFC recognized the Lender of the Year as Falcon National Bank.  Falcon National Bank, had $7.1 million in 504 approvals, totaling $22.5 in overall projects.


Pictured above are Roger Hansen, Commercial Lender/SBA Lender of Falcon National Bank; Rod Runge, Vice President/Branch Manager of Falcon National Bank; Jessica Bitz, Vice President/Senior Lender of Falcon National Bank, Nadene Kruize, Senior Vice President of MBFC; Tom Saehr, President/CEO of MBFC, and John Herges, President/CEO of Falcon National Bank.

For FY 2013, MBFC awarded Gordon Winzenburg the Member of the Year.  Gordon had a total of $2 million in 504 approved referrals, totaling $5.9 in overall projects.


Pictured above are Gordon Winzenburg, owner of CMG Finance; Tom Saehr, President/CEO of MBFC; and Nadene Kruize, Senior Vice President of MBFC.


Minnesota Business Finance Corporation Announces New Vice President of Business Development

IMG_0177[1]Minnesota Business Finance Corporation is pleased to announce Terry Stein as the new Vice President of Business Development.

Terry joins Minnesota Business Finance Corporation (MBFC) with 18 years of lending experience in commercial and residential markets.  Throughout his career, Terry has held many positions in the banking industry.  Most recently, Terry was a Commercial Loan Officer at Granite Community Bank in Cold Spring.

In Terry’s 10 plus years of commercial lending experience, he has worked with the SBA 504 and 7a loan programs, making him a great addition to the MBFC team.

Terry has a Bachelor of Arts from the University of Minnesota and recently graduated from The Graduate School of Banking at the University of Wisconsin-Madison.  The three-year graduate level program provides bankers with an opportunity for advanced study and research in banking, economics, and leadership while focusing on the management of strategic issues faced by banking executives.

Terry and his wife, Lynn, have two children and reside in Cold Spring, MN.

As Vice President of Business Development, Terry will focus on Northeast, Central, and Southwestern Minnesota.  Terry is excited to meet you and help you with your SBA 504 loans.  He can be reached at 800-593-0123 ext. 109 or directly at 320-258-5009 and also by email at tstein@mbfc.org.

Minnesota Business Finance Corporation (MBFC) is a private not-for-profit 501 (c)(3) organization licensed by the U.S. Small Business Administration as a certified development company (CDC).


Small Business Health Care resource now available

Today the U.S. Small Business Administration announced the launch of a new tool to help business owners with the new changes to employer health care.


The site contains up to date information regarding the “Affordable Care Act”. Follow a step by step questionaire based on the location and size of your business for easy access to health care tips, tools, and resources.

For full article details see www.sba.gov

Coming Soon…SBA Minnesota Lenders’ Conference

The Minnesota District Office of the U.S. Small Business Administration has just announced the upcoming SBA Minnesota Lenders’ Conference to be held on Thursday, September 5th, 2013 in Brooklyn Park, MN.  This conference will highlight ways to maximize your organization’s participation in SBA’s lending programs.  Minnesota Business Finance Corporation (MBFC) will be there to highlight the SBA 504 program.

For additional information on the conference, view the save the date flyer.  Registration materials will be available in early July.