News & Events
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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.
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 ...
Update from NADCO, SBA Update on PPP loan volume
Important SBA Updates on the Paycheck Protection Program (PPP) In the near future, SBA expects the amount of processed PPP loan volume to reach the maximum amount authorized and appropriated by Congress. Once the authorization limit is reached, SBA will not be able to...
Updates from the MN SBA District Office
New PPP Eligible Lenders Interim Issued Final Rule for Paycheck Protection Program Facility MN Communities Hosting SBA Disaster Loan Trainings Info from SBA Partners and Other Agencies Stay Updated New PPP Eligible Lenders The SBA has been working to quickly on-board...
SBA NEWS: Updated Borrower SBA Payment Information
The following information has just recently been released by NADCO, (National Association of Development Companies): The 504 Loan Program Central Servicing Agent (CSA) has relayed to NADCO that it will NOT apply an ACH debit to the borrower’s account to cover the loan...
SBA Disaster Loan Program Website is LIVE – Refresh your cache, or Restart your Computer if Needed!
Lending Partners - URGENT See the latest tips from the MN SBA District Office if you have borrowers struggling to get on the SBA Disaster Loan Program site... If you're getting this above error message when you try to apply for an SBA Disaster Loan, clear your...
Video Now Available on SBA Disaster Loan Training
New Video - SBA Disaster Loan Training Emergency Fund for NGO's from Otto Bremer Trust Coronavirus-related Posters from Department of Labor New Info from the IRS Info from SBA Partners and Other Agencies Stay Updated Details provided by the MN SBA District Office New...
MBFC Keeping Lenders Up To Date During COVID-19
MBFC is forwarding all notices to Lenders from the Minnesota District Office of the Small Business Administration (SBA). The Minnesota District Office is hosting informal lender-only calls today (Monday, March 23, 2020 at 4:00 PM and tomorrow, Tuesday, March 24, 2020...
Update from the MN SBA District Office
For those who have not yet seen the most recent updates from the MN SBA District Office, please see below and pass along to anyone who may be interested. WHAT’S HAPPENED SO FAR? The SBA will be providing small business assistance through the Economic Injury Disaster...