News & Events
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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.
MBFC Opens New North Dakota Division
Welcome Pam Burnside MBFC is pleased to announce the opening of our North Dakota Division and the addition of Pam Burnside as MBFC’s Vice President of Business Development located in West Fargo, ND. Pam joined MBFC’s award winning team in November and is...
Honoring National Veterans Small Business Week!
Columbia Precision Machine Corp. Presented with MBFC VetLoan Advantage Rebate MBFC is honored to present Keith Johnson, owner and President of Columbia Precision Machine Corporation in Eagan, MN, with a $3,000 VetLoan Advantage rebate check. Michelle Mueller, MBFC...
MBFC Celebrates FY2021 Annual Membership Meeting
MBFC held their Annual Membership Meeting on Thursday, October 28th to celebrate a record breaking year of SBA 504 success! The company was highlighted by the SBA Minnesota District Office in September for being the Certified Development Company of the year for 2021...
MBFC Wins 7th MN CDC Lender of the Year Award
MBFC President & CEO, Tom Saehr, and Nadene Kruize, Senior Vice President, were presented the Lender of the Year award, based on loan volume, at the SBA Minnesota Lender's Conference, on Thursday, September 9th, in Minneapolis, MN. This is the 7th consecutive...
Great News! SBA 504 Loan Fees Are Dropping For FY2022
Each year SBA reviews certain fees payable to SBA by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. SBA has announced that the following fees are effective for loans approved October...
SBA 504 Loan Program Reaches Lending Cap
Shared by MBFC on behalf of NADCO, 9/7/2021 The U.S. SBA has notified NADCO that the regular 504 loan program, including 504 debt refi with expansion, has reached its congressionally authorized cap of $7.5 billion. As NADCO and SBA have previously communicated, the...
SBA 504 Refinance Rule Changes Are Here
The interim rule is effective immediately. New SBA 504 Refinance loan applications can be processed immediately. Section 328(a) of the Economic Aid Act revises the conditions and requirements for refinancing debt in the 504 loan program as follows: For 504...
Job Posting
Come Work For the Top CDC in Minnesota! Minnesota Business Finance Corporation (MBFC) is the #1 statewide Certified Development Company, originating and servicing SBA 504 fixed asset commercial loans in partnership with the U.S. Small Business Administration...
MBFC Awards Falls Optical, of Little Falls, Minn. a MBFC VetLoan Advantage Rebate
MBFC awarded a VetLoan Advantage Rebate to Ken and Heike Dodge, owners of Falls Optical, in Little Falls, MN. The $3,000.00 rebate was presented by Joe Kammermeier, VP Business Development Officer and Mo Durheim, MBFC Board Member, Senior Vice President of Farmers...