MBFC Awards Inver Grove Storage $3,000 VetLoan Advantage Rebate

(Pictured: Larry Koland and Jerry Kotzenmacher,
Owners of Inver Grove Storage & Rental)

Minnesota Business Finance Corporation (MBFC) is honored to present Larry Koland and Jerry Kotzenmacher, owners of Inver Grove Storage & Rental, our VetLoan Advantage rebate check for $3,000.  MBFC is the only Certified Development Company in Minnesota to offer a rebate to business owners that are active or retired members of military service.

Larry Koland and Jerry Kotzenmacher, together with their spouses, are partners in Inver Grove Storage & Rental, in Inver Grove Heights, MN.   Both are employed full-time, but decided to start a self-storage business in 2003.  As the business grew, and demand for storage space increased, they looked for expansion opportunities.  Another storage facility in Inver Grove Heights presented the perfect opportunity to expand, and the SBA’s 504 expansion with refinance program facilitated the purchase.   In 2017, Larry and Jerry decided to add a climate-controlled storage facility to this newest location.  There was room for the new building, and with SBA 504 financing, the expansion project became reality.

Larry, Jerry, and their banker, Bill Lesher of Drake Bank, were all thrilled that the SBA 504 program was an option to obtain long-term, fixed-rate financing.

Larry is retired from the U.S. Air Force, and through MBFC’s Vet Loan Advantage program, received a rebate to offset some of the loan expenses

 

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