by Jana' Nyholm | Sep 10, 2021 | Announcements
MBFC President & CEO, Tom Saehr, and Nadene Kruize, Senior Vice President, were presented the Lender of the Year award, based on loan volume, at the SBA Minnesota Lender’s Conference, on Thursday, September 9th, in Minneapolis, MN. This is the 7th...
by Jana' Nyholm | Sep 9, 2021 | Industry Insights
Each year SBA reviews certain fees payable to SBA by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. SBA has announced that the following fees are effective for loans approved October...
by Jana' Nyholm | Sep 9, 2021 | Announcements
Shared by MBFC on behalf of NADCO, 9/7/2021 The U.S. SBA has notified NADCO that the regular 504 loan program, including 504 debt refi with expansion, has reached its congressionally authorized cap of $7.5 billion. As NADCO and SBA have previously communicated, the...
