Rockwood Lodge Presented with MBFC’s VetLoan Advantage Rebate!

Pictured (from right): Terry Stein, Vice President Business Development-MBFC, Carl Madsen, Michael and Carol Seim, and Stephanie Lightner all of Rockwood Lodge.

Pictured (from right): Terry Stein, Vice President Business Development-MBFC, Carl Madsen, Michael and Carol Seim, and Stephanie Lightner all of Rockwood Lodge.

Rockwood Lodge Presented with MBFC’s VetLoan Advantage Rebate:

Minnesota Business Finance Corporation (MBFC) is honored to present Carl Madsen, of Rockwood Lodge located in Grand Marais, 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 of retired members of military service.

Rockwood Lodge used a SBA 504 loan to purchase the existing lodge and outfitter resort located on the shores of Poplar Lake surrounded by the Boundary Waters Canoe Area wilderness (BWCA). Along with a lodge, cabins, bunkhouse, fishing, hiking, canoeing, and swimming, they also provide outfitting services for camping excursions with entry to the BWCA.

Madsen is a 20 year Veteran of the US Army Reserves, National Guard, and Active Duty. He served in Desert Storm in 1991 as well as the Kosovo deployment in 2003 to which he earned a Meritorious Service Medal as the Company Commander of the OPFOR company. Madsen also served by traveling to several US Army Active Duty posts training soldiers for Iraq and Afghanistan before retiring as a Major in 2005.

For more information about Rockwood Lodge visit their website by clicking the link here:
RockwoodBWCA

A special Thank You to Carl for his service to our Country!

Contact MBFC to learn more about the VetLoan Advantage Rebate Program and all of your SBA 504 business financing needs.

Upcoming Veteran’s Business Training: Boots to Business-Reboot

The U.S. SBA and partners are hosting a Boots to Business Reboot program, an entrepreneurship training program for Veterans and their spouses.

Boots to Business Reboot is a two step training program that provides participants an overview of business ownership as a career vocation, an outline and knowledge on the components of a business plan, a practical exercise in opportunity recognition, and an introduction to available public and private sector finance.

There will be 2 sessions available and registration details are listed below.

Wed. & Thurs. August 10-11th

9:00-5:00 PM

University of St. Thomas, Minneapolis

Boots to Business 2


Wed. & Thurs. September 14-15th

9:00-5:00 PM

Camp Ripley, Little Falls

Boots to Business Report

For more details click the link here: VETERAN OWNED BUSINESS: BOOTS to BUSINESS|REBOOT

For Questions Please Call: Thomas Osborne (612) 370-2356 or email Thomas.osborne@sba.gov

 

 

MBFC’s VetLoan Rebate Presented to Duane Smith Canvasworks

(Pictured: Duane Smith, President of Duane Smith Canvasworks.)

(Pictured: Duane Smith, President of Duane Smith Canvasworks)

MBFC’s VetLoan Rebate Presented to Duane Smith Canvasworks

Minnesota Business Finance Corporation (MBFC) is honored to present Duane Smith, President of Duane Smith Canvasworks, 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.

Duane Smith started his business, Canvasworks, Inc., in his garage in 1979.  He was just out of the U.S. Navy after serving over four years where he learned to sew as a parachute rigger.  Duane was determined to put his sewing and problem solving skills to use by starting a boat cover business.

From this beginning, he quickly branched out into awnings, upholstery, boat blinds, tarps, and custom projects.  In the 1990’s he developed the SnoCaps product which is the only road-going fabric enclosed trailer cover on the road today.

Duane continues to upgrade his skills as well as those of his expert craftsmen through the past 35 years.  In addition to the Canvasworks products, Duane designs and crafts custom motorcycle seats.  He uses aerospace foam to create a comfortable seat for long rides. The customer is able to choose the color of the leather and stitching to make their seat one-of-a-kind.  Duane has worked tirelessly to grow his business to one of the largest fabric and aluminum fabrication companies in Minnesota.

MBFC assisted Duane with an SBA 504 loan to purchase a building in Cokato, Minnesota to expand his business.  The new building is heated and air conditioned with a large shop area allowing him to pull boats into the building to craft the covers.  He has a designated aluminum frame fabrication area, and is pictured by the sewing tables where the covers and upholstery are created.

Visit his website at: canvasworksincmn.com

A special thank you to Duane for his service to our country.

 

Hillcrest Senior Living Receives MBFC’s VetLoan Advantage Rebate!

(Pictured: Nadene Kruize, Senior Vice President of MBFC and Jim Birchem, President & CEO of Elder Care of Minnesota/ Hillcrest Senior Living.)

(Pictured: Nadene Kruize, Senior Vice President of MBFC and Jim Birchem, President & CEO of Elder Care of Minnesota/ Hillcrest Senior Living.)

Minnesota Business Finance Corporation (MBFC) is honored to present Jim Birchem of Hillcrest Senior Living in Red Lake Falls, 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.  Jim and his wife Kathy purchased the Hillcrest Senior Living Nursing Home in 2008.  With the help of MBFC and the SBA 504 Loan Program in partnership with Unity Bank North of Red Lake Falls and the Northwest Minnesota Foundation of Bemidji, Jim and Kathy converted the nursing home into a 23 unit assisted living facility.

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 complements the Small Business Administration’s (SBA) veteran loan strategic initiatives!