This year MBFC celebrates the eighth-consecutive year being awarded by the SBA MN District Office for the highest MN loan volume in the SBA 504 Loan Program. The award will be presented at the SBA MN Lenders Conference on Thursday, September 15, 2022.
“This year we are supporting and recognizing the incredible work of lenders who are utilizing SBA-backed loans to help Minnesota’s small businesses access the capital they need to drive our economy,” said SBA Minnesota District Director Brian McDonald. “Minnesota’s lending community, totaling nearly 300 banks, credit unions and loan funds, have continued to step up in remarkable fashion serving thousands of Minnesota small businesses with SBA loans that are creating vibrant communities and jobs.”
The SBA’s ability to help small businesses access capital is tied to the country’s lending institutions and its partners’ ability and willingness to loan money to those struggling to get financing. Minnesota lenders are being recognized at this year’s Lenders Conference as having the highest participation in traditional SBA-backed loan programs. In total, lending institutions helped Minnesota-based small businesses access 2,180 loans for $1,241,511,400 in traditional 7(a) and 504 SBA-backed capital from July 1, 2021, to June 30, 2022.
MBFC congratulates all top ranked MN SBA lenders being recognized at the SBA MN Lenders Conference!
Tom Saehr, President & CEO, and Nadene Kruize, Senior Vice President of MBFC, thank the OUTSTANDING MBFC staff for all their hard work and dedication as well as the network of our SBA District Office Leadership, Board, Membership, Community Lenders, Economic Developers, and Small Business Development Center Executives for their partnership and continued support! Thank you!