Your Local SBA Experts

Our SBA 504 loan program is designed to help start-up businesses thrive and existing businesses expand and create new jobs. SBA 504 loans offer long-term fixed-rate financing and lower down payments than conventional loans.

Minnesota Business Finance Corporation is a nonprofit licensed by the U.S. Small Business Administration as a certified development company serving all of Minnesota, plus eastern North Dakota and western Wisconsin.

MBFC handles all SBA approval, closing and loan servicing. Call or visit with MBFC staff to assess your project for SBA eligibility.


Contact Your Local Business Development Officer

Mike Stearns
Vice President of Business Development
(218) 556-2898


Minnesota Business Finance Corporation
119 Graystone Plaza, Suite 200
Detroit Lakes, MN 56501

P: 218-844-4510
F: 218-844-4512

Regions served
The Detroit Lakes office covers northwestern Minnesota, plus North Dakota’s Grand Forks and Cass counties.

See other MBFC locations