MBFC’s 2018 SBA 504 Update Lender Training:
If you have already RSVP’d, and received a confirmation, thank you! We look forward to seeing you soon.
MBFC is launching our 2018 SBA 504 Update Lender Training in 7 cities across Minnesota. Please join us to get an update on the SBA 504 program, including the new SOP 50 10 5(J) rules, 504 Refinance program, and various economic development programs in your area. Please see the list below of available locations and choose a training site that is most convenient for you and your Commercial Lending Staff.
To register please email RSVP@mbfc.org or call toll free 1-800-593-0123.
Registration is FREE and includes a light breakfast. Don’t forget to include your training on your lending institution’s continuing education efforts, or CRA involvement, with local Economic Development/SBA 504 Loan Program/Fixed Asset Financing topic.
Training at each location is held from 9:00 – 11:30 AM
Friday, March 2
Holiday Inn Hotel & Suites
75 37th Ave. S., Saint Cloud
Wednesday, March 7
West Central SBDC/Concordia
1310 8th St. S, Moorhead
Thursday, March 8
Hampton Inn & Suites
1019 Paul Bunyan Dr. SE, Bemidji
Friday, March 23
Inn on Lake Superior
350 Canal Park Dr., Duluth
Wednesday, March 28
Minnesota Bankers Association (MBA) Office
8050 Washington Ave. S., Eden Prairie
Friday, March 30
Rochester Community & Technical College (Southeast SBDC)
1926 College View Rd East, Rochester
Tuesday, April 3
1500 East College Dr., Marshall
REGISTER TODAY by Emailing RSVP@mbfc.org Or by Calling 1-800-593-0123
CONTACT US TO DISCOVER MORE
Expedited Turn Time on SBA 504 Approvals
If you’re being advised to close without a SBA 504 Loan Authorization, SBA approval on appraisal and environmental – you’re taking on unneeded risk!
At MBFC, our strong commitment to customer service has always been our priority! We approve applications weekly for submittal to SBA and are receiving consistent SBA turn time of 3-5 business days.
Are you interested in simultaneous closings? We can accommodate!
Find out why MBFC is
SBA 504 Lender!
Contact us to discover more.
Do you need help with borrower contribution on your client’s projects and would still like to take advantage of the low down payment and long term fixed rates that a SBA 504 Loan can offer?
Gap lending can be used as part of their borrower contribution on a project. This can include an Economic Development Revolving Loan Fund or Seller Carryback financing.
Economic Development Revolving Loan Funds can have a 10 year term and still meet the SBA 504 Loan Requirements!
FIND OUT WHY MBFC IS MINNESOTA’S LEADING SBA 504 LENDER!
ATTENTION SBA 7a LENDERS:
Recent SBA SOP 50 10 5(J) has significant changes in regard to financing business acquisitions. If a seller carry back note is part of your equity requirement – SELLER HAS TO BE ON FULL STANDBY for the life of the loan with the SBA 7a Loan Program.
This is NOT the case with the SBA 504 Loan Program! Call your MBFC BDO today to find out how they can help you get the project financed involving seller carry back financing as part of the equity requirement.
Find out why MBFC is Minnesota’s leading SBA 504 Lender!
MBFC FY2017 Annual Membership Meeting
Minnesota Business Finance Corporation (MBFC) held the FY2017 Annual Membership Meeting on Oct. 26th, 2017 at the Courtyard Marriott in St. Cloud, MN. Thank You to our Board of Directors, Membership, Lenders, Economic Developers and Government Officials for a very successful year. We greatly appreciate your business as a crucial part of our continued growth and success! MBFC awarded the Lender of the Year and Member of the Year for FY2017 at this event.
RiverWood Bank, of Baxter, has been awarded
MBFC’s FY2017 Lender of the Year!
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.
(Pictured: Josh Rardin, Credit Analyst-RiverWood Bank, Benjamin Duhn, Business Banking Officer-RiverWood Bank, Bruce Kennedy, Baxter Branch President-RiverWood Bank, Nadene Kruize, Senior Vice President-MBFC and Tom Saehr, President & CEO of MBFC)
Gordon Winzenburg, has been awarded
MBFC’s FY2017 Member of the Year!
Winzenburg, President & Owner of CMG Finance of Brainerd, referred the most SBA 504 loans to MBFC during the last fiscal year. He has been a longstanding MBFC Member and is currently a MBFC Board Member.
(Pictured: Tom Saehr, President & CEO-MBFC, Gordon Winzenburg, President of CMG Finance, and Nadene Kruize, Senior Vice President of MBFC)
MBFC was chosen as the MN SBA Top CDC of the Year for the third year in a row, highlighted for greatest number of SBA 504 loans in the State!
Nancy Libersky, Director-MN SBA District Office and Royce Nelligan, District Counsel-MN SBA District Office spoke at the meeting about their fiscal year and noted the Small Business Administration and Minnesota’s impressive small business sector growth.
For more information about MBFC, or for details on the
SBA 504 Loan Program, please visit with a MBFC Business Development Officer in your area!