MBFC Wins 7th MN CDC Lender of the Year Award

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...

SBA 504 Loan Program Reaches Lending Cap

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...

SBA 504 Refinance Rule Changes Are Here

The interim rule is effective immediately.    New SBA 504 Refinance loan applications can be processed immediately.  Section 328(a) of the Economic Aid Act revises the conditions and requirements for refinancing debt in the 504 loan program as follows: For 504...

Charles Cabinets VetLoan Award

MBFC awarded a $3,000 VetLoan Advantage Rebate to Patrick Heavirland, owner of Charles Cabinets, LLC, located in Roseville, Minn. The rebate was presented by Terry Stein, VP Business Development Officer of MBFC and Nate Wilner, Vice President of First State Bank of...