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 the Year (loan volume) for the 6th consecutive year.

MBFC awarded the FY2020 Lender of the Year to:

Dan Nygaard
Vice President
Manager Small Business Division



FY2020 Outgoing Board Director

In Appreciation of Dedicated Service

Carol Anderson, Executive Director

Community Development of Morrison County

Carol’s accomplishments serving with the MBFC Board of Directors was presented during the meeting. Nadene Kruize and Tom Saehr (pictured above with Carol) extend thanks on behalf of MBFC for support of the SBA 504 loan program and growth of small business across the region.


FY2020 Outgoing Board Director

In Appreciation of Dedicated Service

John Herges, CEO

Falcon National Bank

John’s partnership and outstanding contributions over the 30 year history of MBFC was featured during the event. He has served as President, Chairperson of the Board, and most recently the Chair of the MBFC Nominating Committee which has been instrumental towards growing a strong and vibrant MBFC Membership.

Tom Saehr, President & CEO, extends sincere gratitude for John’s accomplishments and service to the Board of Directors. MBFC remains in a strong position for longevity, credited to leadership that rises to the occasion for economic development goals, through utilizing the SBA 504 Loan Program.

Videos of MBFC’s recognition for Carol Anderson and John Herges are posted our media pages such as mbfc.org, LinkedIn and Facebook. 

For more information about MBFC please visit our website. Rates are at historic lows and we have safe strategies for assisting clients during the pandemic.

If you have questions, or would like to speak to our Business Development Officers, please contact them below to answer your fixed-asset financing needs today!