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 | 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...
by Jana' Nyholm | Jun 14, 2021 | Announcements
Come Work For the Top CDC in Minnesota! Minnesota Business Finance Corporation (MBFC) is the #1 statewide Certified Development Company, originating and servicing SBA 504 fixed asset commercial loans in partnership with the U.S. Small Business Administration...
by Jana' Nyholm | Jun 3, 2021 | Announcements, Success Stories
MBFC awarded a VetLoan Advantage Rebate to Ken and Heike Dodge, owners of Falls Optical, in Little Falls, MN. The $3,000.00 rebate was presented by Joe Kammermeier, VP Business Development Officer and Mo Durheim, MBFC Board Member, Senior Vice President of Farmers...
by Jana' Nyholm | Apr 6, 2021 | Announcements, Success Stories
MBFC awarded a VetLoan Advantage Rebate to Aimee and Preston Osborne, Owners of Lakewood Lodge in Deer River, MN. The rebate was presented to the Osbornes by Terry Stein, VP Business Development Officer (pictured below). MBFC is proud to be the only certified...
by Jana' Nyholm | Feb 18, 2021 | Announcements, Industry Insights
On February 16, 2021, SBA issued a Procedural Notice (Click here for SBA Procedural Notice 5000-20095) detailing reduced debt relief benefits to 7(a), 504, and Microloan Programs due to insufficiency of funds. SBA has determined that the original $3.5 billion,...
