At MBFC, we believe in supporting veterans and improving our communities by providing more-affordable funding for both start-ups and existing businesses. The Small Business Administration (SBA) and also the National Association of Development Companies (NADCO) VetLoan Strategic Initiatives are met by MBFC’s own VetLoan Advantage Rebate Program.
How It Works
VetLoan Advantage helps veterans fund commercial real estate and equipment at a lower cost. Through the program, the Minnesota Business Finance Corporation offers veterans who receive an SBA 504 loan the following benefits:
- Rebates of up to $3,000 to offset SBA 504 loan expenses, including appraisal and environmental reports.
- Up to 90 percent financing for owner-user commercial/industrial real estate and equipment.
- Low down payments (typically 10% to 20% percent).
- Attractive long-term fixed rates.
It’s our way of thanking all members of service.
Have more questions about VetLoan Advantage? Ready to get started with the process? Contact one of our business development officers today.
We handle all SBA approval, closing and loan servicing.
Learn how our step-by-step lending process can help you get the small business funding you need.