Services: Loan Packaging
Contact: Tom Saehr, President/CEO
Address: 616 Roosevelt Rd 200, St. Cloud, MN 56301
Minnesota Business Finance Corporation (MBFC) promotes economic development throughout Minnesota and parts of Wisconsin and North Dakota. MBFC is a non-profit Certified Development Company. The U.S. Small Business Administration authorized the creation of MBFC to originate and service SBA 504 loans for fixed asset financing.
The SBA 504 loan program is “the money that makes America work,” economic development financing specifically designed to stimulate private-sector investment in long-term fixed assets to increase productivity, create new jobs and increase the local tax base. This is done by providing long-term, low down payment, reasonably priced, fixed-rate loans to businesses, which have the highest probability of successfully creating new jobs and competing in the world marketplace.
Minnesota Business Finance Corporation is a member of the National Association of Development Companies or NADCO.
Minnesota Business Finance Coporation serves the Northland, Arrowhead, Duluth MN Superior WI MSA, Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis county areas.