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!