Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Full-Service Restaurants
- Limited-Service Restaurants
- RV (Recreational Vehicle) Parks and Campgrounds
- General Automotive Repair
Quick Summary
Minnesota Business Finance Cor is an SBA-certified Certified Development Company (CDC) headquartered in St. Cloud, Minnesota. Since 2010, they have approved 1,945 SBA 504 loans totaling $1.2B, with an average loan size of $618K. They serve businesses across 7 states.
About Minnesota Business Finance Cor
Minnesota Business Finance Cor is an SBA-certified Certified Development Company (CDC) headquartered in St. Cloud, Minnesota. Since 2010, they have approved 1,945 SBA 504 loans totaling $1.2B, with an average loan size of $618K. They serve businesses across 7 states.
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Frequently Asked Questions
What does Minnesota Business Finance Cor do?
Minnesota Business Finance Cor is an SBA-certified Certified Development Company (CDC) based in St. Cloud, Minnesota. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Minnesota Business Finance Cor handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Minnesota Business Finance Cor approved?
According to SBA FOIA public records, Minnesota Business Finance Cor has approved 1,945 SBA 504 loans totaling $1.2B since 2010. Their average loan size is $618K.
What states does Minnesota Business Finance Cor serve?
Minnesota Business Finance Cor serves businesses in 7 states: Arizona, Colorado, Iowa, Minnesota, North Dakota, South Dakota, Wisconsin.
How do I apply for an SBA 504 loan through Minnesota Business Finance Cor?
To apply for an SBA 504 loan through Minnesota Business Finance Cor, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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Contact Minnesota Business Finance Cor
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