News & Events

Stay in the know with MBFC.

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.

Awards and Recognition

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...

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MBFC Awarded SBA 2020 Top CDC in Minnesota

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...

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Pimushe Resort Awarded $3,000 MBFC VetLoan Advantage Rebate

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...

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MBFC Economic Development Grant Presented to GPS 45:93

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...

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Monticello RV Center Awarded MBFC’s VetLoan Advantage Rebate

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...

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Update from NADCO, SBA Update on PPP loan volume

Important SBA Updates on the Paycheck Protection Program (PPP) In the near future, SBA expects the amount of processed PPP loan volume to reach the maximum amount authorized and appropriated by Congress. Once the authorization limit is reached, SBA will not be able to...

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Updates from the MN SBA District Office

New PPP Eligible Lenders Interim Issued Final Rule for Paycheck Protection Program Facility MN Communities Hosting SBA Disaster Loan Trainings Info from SBA Partners and Other Agencies Stay Updated New PPP Eligible Lenders The SBA has been working to quickly on-board...

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SBA NEWS: Updated Borrower SBA Payment Information

The following information has just recently been released by NADCO, (National Association of Development Companies): The 504 Loan Program Central Servicing Agent (CSA) has relayed to NADCO that it will NOT apply an ACH debit to the borrower’s account to cover the loan...

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