Board

The 504 Corporation Board is an integral piece of the company. The board consists of leaders from the area representing lending institutions, government, businesses and economic development. The 504 Corporation staff presents a loan to the board with the Board making the decision to submit the formal 504 application to SBA for final approval.

Gary Timm President

Peoples State Bank, Plainview

Dan Vlasak Vice President

Merchants Bank, Lakeville

Brian Tohal Treasurer

New Ulm Economic Development Corp

Rich Wegner Secretary

Home Federal Savings Bank, Kasson

Tim Clawson

Faribault County Development Corporation, Blue Earth

David Maroney

City of Cannon Falls

Lucy McMartin

City of Winona

Steve Kasper

Cinch Connectivity Solutions Waseca

Diane Lewis

Southern Minnesota Initiative Foundation, Owatonna

Wendell Sande

City Administrator (ret.), North Mankato

Joe Langel

Home Federal Savings Bank, Rochester

Mark Monson

Minnstar Bank, Mankato

Marty Armstrong

First National Bank, Waseca

Desiree Strom

IBM, Rochester

Ron Zeigler

Community & Economic Development Associates (CEDA), Chatfield

30 Years Delivering

  • Commercial Real Estate and Equipment Financing
  • Low Down Payment
  • Below Market Rates
  • 10 & 20 Year Terms
  • Reduced Lender Risk