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.
Gap Lending as Borrower Contribution with SBA 504
Attention Lenders! Do you need help with borrower contribution on your client's projects and would still like to take advantage of the low down payment and long term fixed rates that a SBA 504 Loan can offer? Gap lending can be used as part of...
Financing Business Acquisitions
ATTENTION SBA 7a LENDERS: Recent SBA SOP 50 10 5(J) has significant changes in regard to financing business acquisitions. If a seller carry back note is part of your equity requirement - SELLER HAS TO BE ON FULL STANDBY for the life of the loan with the SBA 7a Loan...
MBFC’s FY2017 Annual Membership Meeting
MBFC FY2017 Annual Membership Meeting Minnesota Business Finance Corporation (MBFC) held the FY2017 Annual Membership Meeting on Oct. 26th, 2017 at the Courtyard Marriott in St. Cloud, MN. Thank You to our Board of Directors, Membership, Lenders, Economic Developers...
Olde Brick House Awarded MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present Steve Letnes, of Olde Brick House, our VetLoan Advantage Rebate of $3,000. This Rebate is part of the Strategic Initiative of the National Association of Development Company's (NADCO) VetLoan...
MBFC Awarded #1 CDC in Minnesota!
MBFC Awarded #1 CDC in Minnesota! Thursday, September 7, 2017 Minnesota Business Finance Corporation (MBFC) was recognized as the Top Certified Development Company (CDC) in Minnesota based on loan volume in SBA 504 loans at the 5th Annual Minnesota SBA Lenders...
University of Minnesota Duluth Center for Economic Development Awarded a Grant from MBFC!
Wednesday, September 13, 2017, Minnesota Business Finance Corporation (MBFC) awarded an economic development grant to the University of Minnesota Duluth Center for Economic Development (UMDCED). Elaine Hansen, Director-UMDCED and Regional Director, NE & NW Small...
Beds Plus, of Park Rapids, Awarded MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present Kasey and Crystal Krautkremer our VetLoan Advantage Rebate of $3,000. This Rebate is part of the Strategic Initiative of the National Association of Development Company's (NADCO) VetLoan Advantage...
Grant Awarded to Southwest Initiative Foundation
Minnesota Business Finance Corporation (MBFC) awarded a grant of $1,500 to the Southwest Initiative Foundation (SWIF) in Hutchinson, MN. Nadene Kruize, Senior Vice President of MBFC presented the check to Diana Anderson, President and CEO of SWIF. MBFC is proud to...
Great News! SBA 504 Fee Reduction Announced for FY2018
Fee Reduction Announced for the SBA 504 Loan Program! On August 15, 2017, SBA issued SBA Information Notice 5000-1954 and has provided information on the fees for 504 Loans approved during FY2018. These changes are applicable only to loans approved on or after October...