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.

$3,000 VetLoan Advantage Rebate Presented to Bemidji Best Auto

Minnesota Business Finance Corporation (MBFC) is honored to present a $3,000 VetLoan Advantage Rebate to Scott Krisack, Owner of Bemidji Best Auto, located in Bemidji, MN. MBFC is the only Certified Development Company in Minnesota to offer a rebate to business owners...

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Congratulations!

MBFC would like to congratulate long time MBFC Member, Nancy Hoffman, Executive Director of the Chisago County HRA-EDA, for recently being selected and honored as MN’s Economic Developer of the Year The award was presented at the Economic Development Association of...

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Grant presented to West Central SBDC

Minnesota Business Finance Corporation (MBFC) presented a grant to West Central Small Business Development Center (SBDC). Mike Stearns, Vice President of MBFC, presented the check to Matt Magness, Executive Director, of West Central SBDC in Moorhead. MBFC highlights...

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Grant Awarded to Greater Fergus Falls Corp.

Minnesota Business Finance Corporation (MBFC) recently awarded a grant to Greater Fergus Falls Corp. Pictured below, Mike Stearns, Vice President of MBFC presents the grant check to Annie Deckert, CEO of Greater Fergus Falls Corp. MBFC is the only certified...

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MBFC’s FY2019 Annual Meeting Highlights

MBFC celebrated its FY2019 Annual Membership Meeting on Thursday, October 31, 2019 at Resource Training & Solutions located in Sartell, Minnesota. The meeting reviewed the results of the fiscal year by showing our Board of Directors, Members, Lenders, and...

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MBFC Awarded #1 CDC in Minnesota

On Friday, September 13th, 2019, Minnesota Business Finance Corporation (MBFC) was awarded the top SBA 504 loan company in Minnesota based on loan volume. This is MBFC's fifth time awarded this honor by the District Office at the MN SBA Lenders Conference. Nancy...

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SBA 504 Reduced Fees for FY2020

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...

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