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Rockwood Lodge in Grand Marais, MN

Owner(s): Carl Madsen, Michael and Carol Seim, and Stephanie Lightner

Company: Rockwood Lodge

Industry: Lodging

Pictured (from right); Terry Stein, Vice President-MBFC, Carl Madsen, Michael and Carol Seim, and Stephanie Lightner all of Rockwood Lodge, Grand Marais, MN

Pictured (from right); Terry Stein, Vice President-MBFC, Carl Madsen, Michael and Carol Seim, and Stephanie Lightner all of Rockwood Lodge, Grand Marais, MN

Minnesota Business Finance Corporation (MBFC) is honored to present Carl Madsen of Rockwood Lodge 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 or 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 Vet Loan Advantage Rebate Program and all of your SBA 504 business financing needs.