News & Events
Stay in the know with MBFC.
For changes and new opportunities in the SBA world, we’re 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.
Change in CRA Credit with the SBA 504 Loan Program!
If you're interested in CRA Credit, there's new changes effective April 1, 2024! On October 24, 2023, the Federal Reserve, the FDIC, and the OCC issued a Final Rule amending the agencies’ Community Reinvestment Act (CRA) regulations. The agencies are...
MBFC Celebrates 40 Years & Lender of the Year
MBFC celebrated FY2023 with an Annual Membership Meeting on Wednesday, October 25th, in Central Minnesota. The corporation turned 40 years old and proudly celebrated our longstanding MBFC history with members and honored guests! We thank our Board of Directors,...
Changes with the SBA 504 Refinance Program
Exciting New Changes with the SBA 504 Refinance Program! As a reminder: Equipment only, Real Estate only, or Mixed Use projects all are eligible for the SBA 504 Refinance Program. Borrowers could qualify for cash out for working...
Congratulations to Nadene Kruize, incoming President & CEO of MBFC
MBFC is pleased to announce that Nadene Kruize is selected as President & CEO, upon Tom Saehr's retirement. Mo Durheim, Board Chairman and Senior Vice President of Farmers & Merchants State Bank of Pierz stated, “MBFC has been extraordinarily successful under...
Grant Presented to The City of Monticello EDA
MBFC Grant Presented to The City of Monticello EDA MBFC presented a grant to the City of Monticello Economic Development Authority. Joshua Laffen, Vice President of Business Development of MBFC, awarded the funds to Jim Thares, Economic Development...
MBFC Grant Presented to Lyon and Murray County CEO Program
MBFC presented a grant to the Lyon & Murray County CEO Program. Pictured above, Julie Dahlhoff, VP of MBFC-Prairieland Division, presented the grant to Carla Goedtke, Board Chair, Lyon and Murray County CEO, and CFO of Investors Choice Financial Services, in...
MN Lenders Conference Registration is now OPEN
Let's see you at the MN Lenders Conference! *MBFC is a Platinum Event Sponsor Registration is now open for the MN Lenders Conference being held on Thursday, September 14th, 2023 at the Minneapolis Marriott Northwest, from 8:00 am until 4:30 pm. This...
Tom Saehr, MBFC President & CEO, Announces His Retirement
Minnesota Business Finance Corporation is announcing on May 22, 2023, the retirement of President and CEO, Tom Saehr. Tom will officially retire this December 2023. Honoring over 25 years with MBFC, Tom started at MBFC April 1, 1999, as a Loan Officer and promoted to...
KE Dental Awarded MBFC’s VetLoan Rebate
(Pictured: Terry Stein, Vice President of Business Development of MBFC, and Dr. Erlandson, KE Dental) MBFC presented a VetLoan Rebate of $3,000 to Dr. Erlandson of KE Dental. This rebate is part of the Strategic Initiative of the National Association of Development...