News & Events
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For changes and new opportunities in the SBA world, Minnesota Business Finance Corporation is here to keep you informed. Be sure to visit this page for frequent updates about events and news both near and far. And if you haven’t signed up yet, be sure to add yourself to our email list, where new rates will be delivered right to your inbox.
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...read more
Minnesota Business Finance Corporation (MBFC) recently presented a VetLoan Advantage Rebate to Verazity Storage. Mike Stearns presented the check, along with David Ystebo, Commercial Credit Analyst, VISIONBank, to Jon Miller, Co-Owner of Verazity in Fargo, ND. MBFC is...read more
MBFC presented a $1,000 grant to the Crookston Housing and Economic Development Authority (CHEDA). Mike Stearns of MBFC visited with Craig Hoiseth, Executive Director for CHEDA to deliver the check. The grant will be used by CHEDA towards their creative co-working...read more
Minnesota Business Finance Corporation (MBFC) presented a $3,000 VetLoan Advantage Rebate to the owners of Fat Old Guy's Cafe & Catering, located in Montrose, MN. Joe Kammermeier, Vice President of Business Development at MBFC, delivered the check to owner, Steve...read more
Minnesota Business Finance Corporation (MBFC) recently presented a VetLoan Advantage Rebate to Pampered Pets, LLC. Kammermeier presented the check, along with commercial lender -Matt Castle, Senior Lender of Randall State Bank, to Tom and Shelly Hice, Owners of...read more
(Pictured: Steve Letnes, President, Ringneck Restaurants, Inc., and Nadene Kruize, Senior Vice President of MBFC) Minnesota Business Finance Corporation (MBFC) is honored to present our VetLoan Advantage Rebate to 7 West TapHouse, located in Mankato, MN. Steve...read more
Minnesota Business Finance Corporation (MBFC) presented a check to the Southeast Minnesota Small Business Development Center (SBDC) on the campus of the Rochester Community & Technical College (RCTC). The Southeast SBDC serves an eleven county area of Southeast...read more
Minnesota Business Finance Corporation (MBFC) presented a grant to the Minneapolis Service Corps of Retired Executives Association (SCORE). Saehr and Mueller met with Herbst and Howard to award the grant which was requested for support of SCORE's workshops, training,...read more
MBFC presented a grant to Minnesota Economic Development Foundation (MNEDF) in support of their upcoming "Upper Midwest Basic Economic Development Course". Tom Saehr (photo left), President & CEO of MBFC, met with Mark Lofthus (photo right), Board Member of MNEDF...read more