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.
The Economic Aid Act enacted December 27, 2020 expanded the eligibility of payment subsidies for 7(a) and 504 loans under Section 1112 of the CARES Act. To better assist our lending partners in understanding the expanded eligibility for Section 1112 payment subsides,...read more
With the Economic Aid Act-New COVID Relief, there will be exciting changes coming to the SBA 504 Loan Program! Information is limited at this time and will be forthcoming from SBA. Stay tuned to MBFC as your information source for additional email updates and lender...read more
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...read more
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...read more
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...read more
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...read more
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...read more
MBFC presented a grant to MBFC Member, Nancy Hoffman, and the economic development group GPS45:93. Terry Stein, Vice President - MBFC, presented the check to Hoffman and her associates (pictured below). MBFC is the only Certified Development Company in Minnesota with...read more
Minnesota Business Finance Corporation (MBFC) is honored to present a $3,000 VetLoan Advantage Rebate to Dale Borstad, owner of Monticello RV Center, located in Monticello, MN. MBFC is proud to be the only Certified Development Company in Minnesota to offer a rebate...read more