Grant Awarded to Greater Fergus Falls Corp.

Minnesota Business Finance Corporation (MBFC) recently awarded a grant to Greater Fergus Falls Corp. Pictured below, Mike Stearns, Vice President of MBFC presents the grant check to Annie Deckert, CEO of Greater Fergus Falls Corp. MBFC is the only certified...

MBFC Awarded #1 CDC in Minnesota

On Friday, September 13th, 2019, Minnesota Business Finance Corporation (MBFC) was awarded the top SBA 504 loan company in Minnesota based on loan volume. This is MBFC’s fifth time awarded this honor by the District Office at the MN SBA Lenders Conference. Nancy...

SBA 504 Reduced Fees for FY2020

SBA has just announced the fee structure for SBA 504 loans for FY2020.  The big change is the annual borrower service fee that is built into the SBA 504 effective interest rate which is being REDUCED to 0.3205% (32.05 basis points) for FY2020 of the outstanding...

VetLoan Advantage Rebate Presented to Verazity Storage

Minnesota Business Finance Corporation (MBFC) recently presented a VetLoan Advantage Rebate to Verazity Storage. Mike Stearns presented the check, along with David Ystebo, Commercial Credit Analyst, VISIONBank, to Jon Miller, Co-Owner of Verazity in Fargo, ND. MBFC is...