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...

Grant Awarded to IEDC

Grant Awarded to IEDC of Grand Rapids Minnesota Business Finance Corporation (MBFC) presented an Economic Development grant to Itasca Economic Development Corporation (IEDC) based out of Grand Rapids, MN. Terry Stein, Vice President of MBFC, was on hand to deliver the...

SBA Announces 25-Year Debenture!

SBA Announces 25-Year Debenture! It is official.  We are pleased to announce the availability of a 25 year Debenture for 504 projects that are approved on or after the date of this notice.  This is in addition to the 10 and 20 year 504 Loan and Debenture that are...