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.
Economic Aid ACT – New COVID19 Relief
With the Economic Aid Act-New COVID Relief, there will be exciting changes coming to the SBA 504 Loan Program! Information is limited at this time and will be forthcoming from SBA. Stay tuned to MBFC as your information source for additional email updates and lender...
VetLoan Rebate for $3,000 Awarded to Sunrise Flour Mill of North Branch, MN
MBFC awarded a VetLoan Advantage Rebate to Darrold & Martha Glanville, owners of Sunrise Flour Mill, located in North Branch, MN. MBFC Board Member, Nancy Hoffman, Executive Director of Chisago County HRA/EDA, presented the check. Sunrise Flour Mill started in...
Urgent Update! Congressional COVID Relief Package
This is preliminary information shared by NADCO, details to follow in coming weeks. Greetings from MBFC, Congress passed a sweeping year-end bill to provide long-delayed coronavirus relief and continued government funding, capping off a months-long fight for...
Awards and Recognition
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...
MBFC Awarded SBA 2020 Top CDC in Minnesota
Pictured above: Tom Saehr, President & CEO of MBFC, Nadene Kruize, Senior Vice President of MBFC, and Brian McDonald, District Director of the SBA MN District Office MBFC was presented the award of Top SBA 504 Certified Development Company in Minnesota based on...
Pimushe Resort Awarded $3,000 MBFC VetLoan Advantage Rebate
MBFC is honored to present a $3,000 VetLoan Advantage Rebate to Rachelle Chase of Pimushe Resort located in Bemidji, MN. MBFC is the only CDC in Minnesota to offer a rebate to business owners that are active or retired members of military service. Earlier this year...
MBFC Economic Development Grant Presented to GPS 45:93
MBFC presented a grant to MBFC Member, Nancy Hoffman, and the economic development group GPS45:93. Terry Stein, Vice President - MBFC, presented the check to Hoffman and her associates (pictured below). MBFC is the only Certified Development Company in Minnesota with...
Monticello RV Center Awarded MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present a $3,000 VetLoan Advantage Rebate to Dale Borstad, owner of Monticello RV Center, located in Monticello, MN. MBFC is proud to be the only Certified Development Company in Minnesota to offer a rebate...
SBA News: PPP updates, EIDL open to Ag, Veteran training, Childcare provider grants, and more
Updates provided from the MN SBA District Office PPP Loan Update PPP FAQ Updated EIDL and Advance Open to Ag Veteran Small Business Training MN Childcare Provider Grants SBA and SADBOC Training This Week Info from SBA Partners and Other Agencies Stay Updated ...