(Pictured: Chuck Nordquist, Vice President-MBFC, Orlando Peralta, Owner/Military Veteran, and Andrew Peralta, Owner, holding their youngest customer Aria, his 4 week old daughter.)
Dairy Queen of Roseau Receives MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present Orlando Peralta and Andrew Peralta, owners of Dairy Queen of Roseau, MN, our VetLoan Advantage Rebate of $3,000. This Rebate is part of the Strategic Initiative of the National Association of Development Company’s (NADCO) VetLoan Advantage program. 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.
Orlando is a member of the Minnesota Army National Guard. The brothers have worked with the DQ franchise since the age of 16. With the help of MBFC utilizing the SBA 504 Loan Program in partnership with Unity Bank North, Orlando and Andrew purchased the existing Dairy Queen store in Roseau, MN. Andrew also owns the Thief River Falls DQ restaurant. Roseau is about 60 miles from Thief River Falls and located in Northern Minnesota. Recently the Roseau Dairy Queen has been remodeled with interior and exterior renovations in the new look of “DQ Grill & Chill” style.
Dairy Queen of Roseau is a successful franchise for the Peralta brothers and being positioned along a major highway attracts visitors and locals! We thank Orlando for his service to our Country’s Military and are honored to present them with this rebate. For more information about DQ of Roseau or a map of their location please click HERE.
For additional information or to inquire about MBFC’s VetLoan Advantage Rebate program please contact your MBFC Business Development Officer today!
Minnesota Heritage House, of Kimball, Presented with MBFC’s VetLoan Advantage Rebate!
Minnesota Business Finance corporation (MBFC) is honored to present Jim and Kathy Birchem of Minnesota Heritage House in Kimball, MN, MBFC’s 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.
Owner, Jim Birchem, served in the United States Army from 1972-1974. He was also active in the National Guard from 1983-2007 and retired as a Sergeant Major. The U.S. flag Jim and Kathy are standing next to is a treasured afghan created by Kathy’s late Aunt, Jennie Tuttle. Kathy’s Aunt created one of these for each of Jim and Kathy’s facilities, 18 in all!
With the help of Minnesota Business Finance utilizing the SBA 504 Loan Program in partnership with Granite Community Bank of Cold Spring, Jim and his wife Kathy purchased an adjacent parcel to their existing 18-unit assisted living facility in Kimball, MN and added the newly constructed 16-unit assisted living addition. Jim and Kathy, inspired by their Christian values and beliefs, believe in providing options in health care that will enable seniors to remain in their local communities. Jim and Kathy were happy to take advantage of the 20 year fixed rate and the reduced down payment requirement that MBFC could offer with the SBA 504 Loan Program.
At MBFC, we believe in supporting veterans and improving our communities by providing more affordable funding for both existing and start-up businesses. MBFC’s VetLoan Advantage Program compliments the Small Business Administration’s (SBA) veteran loan strategic initiatives!
For more information about Heritage House click here!
MBFC highlights businesses from time to time that are featured in recent news articles about their success! Wabi Sabi owner, Kay Frandsen, is featured in the article listed and shares her story in the link below.
The Historic John P. Furber Farm Project Receives MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present Wayne and Angi Butt, the owners of The Historic John P. Furber Farm, 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.
Wayne is a disabled veteran that served 20 years in the US Navy and the MN Army National Guard. He retired at the rank of First Sergeant (E-8.) After his honorable discharge from the Navy, Wayne has been working in the IT field. He and his wife, Angi acquired the John P. Furber Farm in Cottage Grove in 2010 with plans to convert the barn to an event center. After 160 years, this was only the third time in history that the farm changed hands.
John P. Furber was one of Cottage Grove’s founding fathers. In 1850, he built an historic Italianate home on the property where it still stands today. In 2013, the 1947 Gothic Arched-Roof Barn was place on the Historic Register and the City of Cottage Grove approved the project to renovate the barn into an event center. Wayne and Angi’s goal for the property was to restore the barn and put it back into productive use for the community.
The barn boasts over 8,000 square feet, and can hold up to 500 guests. There is an additional 3,000 square foot addition that includes separate bride and groom suites and the restrooms. For wedding ceremonies, there is an outdoor area with seating that overlooks the peaceful countryside. The Historic John P. Furber Farm has hosted many weddings, a high school prom, and several community events. Wayne and Angi strongly believe in sharing this beautiful facility with the community and work to assist non-profits in the area with their meetings and celebrations. For more information please visit their website here.
Wayne and Angi proudly hang a large American flag in the loft area of the Barn. MBFC thanks Wayne for his service to our country. For additional information or to inquire about MBFC’s VetLoan Advantage Rebate program please contact your MBFC Business Development Officer today.
Minnesota Business Finance Corporation (MBFC) recently presented a grant to the City of Wyoming Economic Development Authority (EDA). Terry Stein, Vice President of Business Development of MBFC, met with Nancy Hoffman, Executive Director of Chisago County HRA/EDA, to present the award. MBFC is proud to partner with the EDA which furthers the purpose of continued economic development in communities across the state.
Hoffman said the funds from the grant will be used to assist with hiring a consultant to facilitate an Economic Strategy. The City of Wyoming EDA would like to provide the framework to promote the local community to businesses. The consultant would also assist with preparing an economic strategy as part of the development planning process.
Wyoming is located about 30 miles north of the Twin Cities Metro Area and is a growing part of Minnesota. Their goal is to continue to grow and attract new commerce and industry. A link to their website is provided here: wyomingmn.org For more information about the MBFC grant program and application details for your organization please contact Tom Saehr, President & CEO of MBFC