Minnesota Business Finance Corporation (MBFC) is a private not-for-profit 501 (c)(3) organization licensed by the U.S. Small Business Administration as a Certified Development Company (CDC).
Our CDC was created in 1983 as Opportunities Minnesota Inc. (OMNI), which was then a division of the Minnesota Department of Trade and Economic Development. In 1993, through the enactment of state legislation, the organization became a quasi-public agency, and in 1996, it was privatized and renamed the Minnesota Business Finance Corporation (MBFC). MBFC serves the entire state of Minnesota from offices in Minneapolis, St. Cloud and Bemidji.
MBFC’s subsidiary, the Minnesota Center for Business Development, LLC, owns and operates a regional economic development center at 616 Roosevelt Road in St. Cloud, which is essentially a one-stop shop for small businesses seeking financing, equity capital, and managerial and technical assistance. Tenants include MBFC, the Anderson Entrepreneurial Center, the Small Business Development Center, SCORE, and the Procurement and Technical Assistance Center.