News & Events

Stay in the know with MBFC.

For changes and new opportunities in the SBA world, we’re 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 Celebrates 40 Years & Lender of the Year

MBFC celebrated FY2023 with an Annual Membership Meeting on Wednesday, October 25th, in Central Minnesota. The corporation turned 40 years old and proudly celebrated our longstanding MBFC history with members and honored guests! We thank our Board of Directors,...

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Changes with the SBA 504 Refinance Program

Exciting New Changes with the SBA 504 Refinance Program!              As a reminder:  Equipment only, Real Estate only, or Mixed Use projects all are eligible for the SBA 504 Refinance Program.  Borrowers could qualify for cash out for working...

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Grant Presented to The City of Monticello EDA

  MBFC Grant Presented to The City of Monticello EDA   MBFC presented a grant to the City of Monticello Economic Development Authority. Joshua Laffen, Vice President of Business Development of MBFC, awarded the funds to Jim Thares, Economic Development...

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MBFC Grant Presented to Lyon and Murray County CEO Program

MBFC presented a grant to the Lyon & Murray County CEO Program. Pictured above, Julie Dahlhoff, VP of MBFC-Prairieland Division, presented the grant to Carla Goedtke, Board Chair, Lyon and Murray County CEO, and CFO of  Investors Choice Financial Services, in...

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MN Lenders Conference Registration is now OPEN

  Let's see you at the MN Lenders Conference! *MBFC is a Platinum Event Sponsor Registration is now open for the MN Lenders Conference being held on Thursday, September 14th, 2023 at the Minneapolis Marriott Northwest, from 8:00 am until 4:30 pm. This...

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Tom Saehr, MBFC President & CEO, Announces His Retirement

Minnesota Business Finance Corporation is announcing on May 22, 2023, the retirement of President and CEO, Tom Saehr. Tom will officially retire this December 2023. Honoring over 25 years with MBFC, Tom started at MBFC April 1, 1999, as a Loan Officer and promoted to...

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KE Dental Awarded MBFC’s VetLoan Rebate

(Pictured: Terry Stein, Vice President of Business Development of MBFC, and Dr. Erlandson, KE Dental) MBFC presented a VetLoan Rebate of $3,000 to Dr. Erlandson of KE Dental. This rebate is part of the Strategic Initiative of the National Association of Development...

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MBFC Grant Awarded to North Central SBDC – Brainerd

Pictured is Katie Heppner, Director of the North Central SBDC and Nadene Kruize, Senior Vice President of MBFC  Supporting Small Business through SBDCs   MBFC recently awarded a grant of $5,000.00 to Minnesota's North Central Small Business Development Center...

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Covering all of Minnesota, North Dakota, Western Wisconsin AND Brookings, Deuel, Grant, Lincoln, Minnehaha, and Moody counties, in Southeast South Dakota.



Plus MBFC works with Dickenson, Lyon, and Osceola counties in Iowa.



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