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.
SBA 504 Refinance Program Changes!
The Small Business Administration (SBA) has published the final rule for SBA 504 Debt Refinancing without expansion under the 504 program. The final rule is effective TODAY, June 6, 2018. With the final rule published, there are positive modifications to the...
Grant Awarded to IEDC
Grant Awarded to IEDC of Grand Rapids Minnesota Business Finance Corporation (MBFC) presented an Economic Development grant to Itasca Economic Development Corporation (IEDC) based out of Grand Rapids, MN. Terry Stein, Vice President of MBFC, was on hand to deliver the...
MBFC Grant Awarded to Metropolitan Consortium of Community Developers
MBFC Grant Awarded to Metropolitan Consortium of Community Developers Minnesota Business Finance Corporation (MBFC) announces that a grant was presented to Metropolitan Consortium of Community Developers (MCCD) in April on behalf of their request for support for the...
SBA Announces 25-Year Debenture!
SBA Announces 25-Year Debenture! It is official. We are pleased to announce the availability of a 25 year Debenture for 504 projects that are approved on or after the date of this notice. This is in addition to the 10 and 20 year 504 Loan and Debenture that are...
Bakers HobbyTown, of Waite Park, MN, Receives MBFC’s $3,000 VetLoan Advantage Rebate
Bakers HobbyTown Awarded MBFC's $3,000 VetLoan Advantage Rebate MBFC is honored to present Steve and Laura Knutson, Owners of Bakers HobbyTown in Waite Park, MN, our VetLoan Advantage Rebate for $3,000. MBFC is the only CDC in Minnesota to offer a rebate to business...
Washington Place Awarded $3,000 VetLoan Advantage Rebate
Washington Place Awarded VetLoan Advantage Rebate Minnesota Business Finance Corporation (MBFC) is honored to present Jay Johnson, owner of HealthNorth, Inc. and Washington Place of St. Cloud, MN, our VetLoan Advantage Rebate for $3,000. MBFC is the only Certified...
MBFC Awards Inver Grove Storage $3,000 VetLoan Advantage Rebate
(Pictured: Larry Koland and Jerry Kotzenmacher, Owners of Inver Grove Storage & Rental) Minnesota Business Finance Corporation (MBFC) is honored to present Larry Koland and Jerry Kotzenmacher, owners of Inver Grove Storage & Rental, our VetLoan Advantage...
MBFC SBA 504 Update Lender Training!
REGISTER SOON: MBFC's 2018 SBA 504 Update Lender Training: If you have already RSVP'd, and received a confirmation, thank you! We look forward to seeing you soon. MBFC is launching our 2018 SBA 504 Update Lender Training in 7 cities across Minnesota. Please join us...
Expedited Turn Time on SBA 504 Approvals
Expedited Turn Time on SBA 504 Approvals Attention Lenders: If you're being advised to close without a SBA 504 Loan Authorization, SBA approval on appraisal and environmental - you're taking on unneeded risk! At MBFC, our strong commitment to customer service has...