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.
Topics covered: SOP Updates, 504 REFI, Mitigate Lending Risk, 504 Expansion+REFI REGISTER via Email firstname.lastname@example.org or by Calling 1-800-593-0123 All Training Times held from 9:00-11:00 AM. Moorhead - Completed Bemidji - Completed Duluth - Tuesday, April 30th -...read more
The SBA 504 Loan Program provides a great benefit for the borrower with low down payment and fixed rate options! The SBA 504 & SBA 7(a) programs also work great together when there’s a mix of project costs with the acquisition. The 504 Loan Program is a great...read more
At Minnesota Business Finance, it’s business as usual - we’re hard at work for our customers getting applications approved at our loan committee level and ready for SBA submission just as soon as SBA reopens. In the meantime, if lead lenders are needing to close on a...read more
Have You Heard About SBA's 504 Rural Initiative Pilot Program? As of July 18, 2018, SBA launched the 504 Loan Program Rural Initiative. This allows CDC's to make loans outside of their SBA approved area of operations. The pilot program will be available until July 20,...read more
(Pictured: Joe Kammermeier, Vice President of Business Development of MBFC with Nicole Fernholz, Executive Director of AAEDC) Grant Presented to Alexandria Area EDC Minnesota Business Finance Corporation (MBFC) recently gave an economic development grant to Alexandria...read more
Partner Buyout Stock Purchase - SBA 504 ELIGIBLE! Didn't think a partner buyout stock purchase was SBA 504 eligible? It certainly can be! MBFC just processed a $5 Million Dollar Partner Buyout Stock Purchase that was approved by SBA in 4 business days AND the SBA 504...read more
(Pictured: Kim Erickson, American National Bank of Minnesota, Jason Johnson and Shannon Martinson both of Abrasive Blast Supply, Inc. receiving a check from Joe Kammermeier, Vice President of MBFC.) Abrasive Blast Supply, Inc. Receives MBFC's VetLoan Advantage Rebate...read more
Below is a recent article from Finance & Commerce. F&C published a recognition piece by the SBA regarding Lenders in Minnesota which are helping small businesses. MBFC is a Certified Development Company licensed by the SBA to do loans through the U.S. SBA 504...read more
Minnesota Business Finance Corporation (MBFC) held their FY2018 Annual Membership Meeting on Thursday, November 29, 2018 at the Courtyard Marriott in Saint Cloud, Minnesota. Thank you to our Board of Directors, Membership, Lenders, Economic Development Officials, and...read more