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,...
by Jana' Nyholm | Jan 20, 2021 | Announcements, Success Stories
MBFC awarded a VetLoan Advantage Rebate to Darrold & Martha Glanville, owners of Sunrise Flour Mill, located in North Branch, MN. MBFC Board Member, Nancy Hoffman, Executive Director of Chisago County HRA/EDA, presented the check. Sunrise Flour Mill started in...
by Jana' Nyholm | Dec 22, 2020 | Announcements
This is preliminary information shared by NADCO, details to follow in coming weeks. Greetings from MBFC, Congress passed a sweeping year-end bill to provide long-delayed coronavirus relief and continued government funding, capping off a months-long fight for...
by Jana' Nyholm | Nov 13, 2020 | Announcements, Success Stories
MBFC finalized an award winning year for SBA 504 loans across our region. Listed below are some of the top highlights. Our Annual Meeting was held online on Wednesday, October 28th. MBFC was recognized by the U.S. SBA Minnesota District Office as the 2020 Top CDC of...
by Jana' Nyholm | Oct 23, 2020 | Announcements
Pictured above: Tom Saehr, President & CEO of MBFC, Nadene Kruize, Senior Vice President of MBFC, and Brian McDonald, District Director of the SBA MN District Office MBFC was presented the award of Top SBA 504 Certified Development Company in Minnesota based on...
by Jana' Nyholm | Oct 19, 2020 | Announcements
MBFC is honored to present a $3,000 VetLoan Advantage Rebate to Rachelle Chase of Pimushe Resort located in Bemidji, MN. MBFC is the only CDC in Minnesota to offer a rebate to business owners that are active or retired members of military service. Earlier this year...
