SBA 504 Fee Reduction for FY2016

On September 28,2015, SBA announced a fee reduction for the SBA 504 Loan program effective October 1, 2015.  This change is applicable to all SBA 504 Loan approvals dated after October 1, 2015. 2 fees are being reduced: 1.) The one-time Guaranty Fee that SBA charges,...

MBFC Celebrates FY2014 Annual Membership Meeting

Minnesota Business Finance Corporation (MBFC) held the FY2014 Annual Membership Meeting on Wednesday October 22nd at the Holiday Inn in Saint Cloud. With over 60 attendees, MBFC celebrated another successful year providing SBA 504 loans to small businesses all across...