(Pictured: Kim Erickson, American National Bank of Minnesota, Jason Johnson and Shannon Martinson both of Abrasive Blast Supply, Inc. receiving a check from Joe Kammermeier, Vice President of MBFC.)
Abrasive Blast Supply, Inc. Receives MBFC’s VetLoan Advantage Rebate
Minnesota Business Finance Corporation (MBFC) is honored to present Abrasive Blast Supply , Inc. our VetLoan Advantage Rebate of $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. MBFC’s VetLoan Advantage Rebate is part of a strategic initiative of the National Association of Development Companies (NADCO) VetLoan Advantage program.
Abrasive Blast Supply provides sandblasting supplies to businesses and individuals. They also sell and rent all the equipment for portable blast trailers and provide grade D breathable air systems. Johnson and Martinson purchased land and constructed a warehouse and office building in Little Falls, MN.
They utilized financing at American National Bank of Minnesota with lender Kim Erickson and a SBA 504 loan through Kammermeier at MBFC. Tax Increment Financing (TIF) funds were used in part by the borrower from the City of Little Falls during site improvements, parking, and footings/foundation work. For more information about Abrasive Blast Supply, Inc. please click here for a link to their website!
Martinson joined the United States Army in 1988. He attended basic training at Fort Knox, Kentucky. He first served in Amberg, Germany and was positioned on the Czech/Germany border at the end of the Cold War. He then served in Saudi Arabia as Operation Dessert Storm was just beginning. He maintained and drove tanks for nighttime security. He quotes being “the tip of the spear, for the US Army’s 7th Corp” during this time. He was promoted to gunner on the tank and remained there until 1992.
After returning, he was assigned 3/70 Armor, 5th Infantry Division in Fort Polk, Louisiana. This included 2 state-side trainings at Fort Irwin, CA and Fort Hood, TX. Martinson was promoted to Sergeant (E-5). Following his first 4 year enlistment he reenlisted, with the Montana National Guard. He was assigned to the 163rd Cavalry in Helena, MT where he maintained tanks and also fought wild fires twice.
MBFC thanks Shannon for his military service. For more information about MBFC’s VetLoan Advantage Rebate, or details on how to apply, please contact your local MBFC Business Development Officer today!