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

Tom Saehr
President & CEO
(320) 258-5005

Nadene Kruize
Senior Vice President/Senior Loan Officer
(320) 258-5007

Terry Stein
Vice President of Business Development
(320) 258-5009

Joe Kammermeier
Vice President of Business Development
(320) 258-5015


Minnesota Business Finance Corporation
616 Roosevelt Road, Suite 200
St Cloud, MN 56301

P:(320) 258-5000
F: (320) 255-1815

Regions served
The St. Cloud office covers central, southwest and northeast Minnesota, plus Wisconsin’s Douglas, Polk and Barron counties.

See other MBFC locations