Our Story

Mesaba Finance traces its roots back to 1938, when it was formed as Mesaba Loan Company by Maurice "Mosey" Banen in Minnesota. Entrepreneur Mark M. Erjavec acquired the company in 1994, when it was a Regulated Lender in the State of Minnesota, specialized in automobile and secured consumer financing. As a boutique investment bank, we serve a niche clientele controlled by foreign owner and sovereign nation clientele.

  • 1938

    1938

    Originally formed as the Mesaba Loan Company, on the Mesaba Iron Range in northern Minnesota

  • 1945

    1945

    Commercial aircraft financing for the airline industry

  • 1977

    1977

    Transitions to a corporation to finance automobiles

  • 1994

    1994

    Acquired by entrepreneur Mark Erjavec

  • 1995

    1995

    Pioneer in the development of several innovative consumer and commercial lending products

  • 1997-1999

    1997-1999

    Company temporarily ceases operations

  • 2001

    2001

    A renewed enterprise now based in Minneapolis sets its sights on growing internationally

  • 2002

    2002

    Established our first proprietary distressed investment fund via Blue Heron Incorporated

  • 2004

    2004

    Significant period of growth and success attributed to the distressed debt operations and real estate lending

  • 2009

    2009

    Mesaba is reorganized into an international wealth management firm focused on Europe

  • 2016

    2016

    Mark Erjavec spins off wealth management to an international buyer

  • 2017

    2017

    Mark Erjavec and his team implement a robust international agriculture investment strategy on five continents

  • 2020

    2020

    In its 82nd year, the company organizes as an investment bank and develops proprietary fund strategy