504 Corporation

02/04/2026

The 504 Corporation is thrilled to share that our loan client, Fireside Pet Lodge, Chatfield, MN has been honored at the 150th Westminster Kennel Club Dog Show. Cota, a Chesapeake Bay Retriever, owned by Adam Levy and four other individuals, all worked hard to receive top honors. Cota received awards for Sporting Group and also Reserve Best in Show. Congratulations!

02/04/2026

The 504 Corporation is proud to share that our loan client, Adam Levy, owner of Fireside Pet Lodge in Chatfield, MN won big honors at the 150th Westminster Kennel Club Dog Show. Cota, a Chesapeake Bay Retriever won the Sporting Group category and went on to win Best in Show. Cota was bred and born in Chatfield and is owned by Adam Levy and 4 other individuals. We are proud to support your business and thrilled with your success!

A dog with Chatfield roots wins two big honors at the 150th Annual Westminster Kennel Club Dog Show.
STORY: https://www.kttc.com/2026/02/04/dog-with-chatfield-roots-wins-big-honors-westminster-kennel-club-dog-show/

10/03/2025

MANUFACTURERS- Take Advantage of the SBA 504 Fee Waiver

Upgrade Equipment and/or Real Estate

APPLY NOW

The U.S. Small Business Administration (SBA) has announced fee relief for manufacturers using the SBA 504 loan program. Beginning October 1, 2025, manufacturers will no longer be required to pay the upfront guaranty fee or the annual service fee on 504 loans.

The SBA 504 loan is one of the most affordable financing options for small businesses to purchase fixed assets such as real estate, large equipment and renovations. The program offers long-term (up to 25 years), fixed rate financing with as little as 10% down. Typically, a project is structured so that 50% is financed by a bank, 40% is financed by the SBA through a Certified Development Company (CDC) such as the 504 Corporation. The borrower’s contribution is the remaining 10%.

Potential manufacturers who could benefit range from food and beverage production to fabricated metals, machinery, chemicals and consumer goods. Examples include breweries, distilleries, coffee roasters, bakeries that manufacture products for wholesale, custom furniture makers, machine shops, plastics manufacturers and many more.

This is great opportunity to upgrade equipment or invest in modernization while allowing for more capital to stay within the business for working capital needs thanks to the waived fees.

www.504corporation.com

09/24/2025

Cybersecurity Awareness is important no matter what your business size. Come learn more about Cybersecurity to protect your business? The 504 Corporation in partnership with Southern Minnesota Initiative Foundation and Southeast Minnesota Small Business Development Center - SBDC is offering a free learning event. The event is Thursday, October 9, 9 am to 11 am. This is a free training but registration is requested, Arnold De Los Santos, SMIF lending director, at [email protected] or by text at 507-456-1260 with your name, business name and how many are planning to attend. If your plans change and you are not able to
attend, please update your RSVP to allow room for others. Registration closes Friday, Oct. 3.

07/23/2025

Business Owners - Are you interested in learning more about AI and how it can benefit your business? The 504 Corporation in partnership with Southern Minnesota Initiative Foundation and Southeast Minnesota Small Business Development Center - SBDC is offering a free learning event. The event is Thursday, August 14, 9 to 11 am. This is a free training but registration is requested, [email protected]. Please RSVP by August 8.

02/28/2025

It is always great to present the benefits of the SBA 504 loan to local entrepreneurs with our partners.

09/20/2024

What's for supper? It is National Pepperoni Pizza Day. The 504 Corporation recommends celebrating at one of our SBA 504 funded locations, Basilleo's Pizza in Faribault, MN or Domino's Pizza.

08/08/2024

Want to try something new? Today is the perfect day to celebrate National Pickleball Day at the Picklebarn in Mankato. The 504 Corporation is proud to have helped finance the construction of the indoor facility which allows for year round pickleball fun. If you haven't played before, don't hesitate to experience the fastest-growing sport in America for the 3rd year in a row.

06/26/2024

The 504 Corporation along with South Central Small Business Development Center held our annual lender golf outing yesterday at Montgomery National Golf Club. Our panel this year consisted of Greg McKush, the owner of Montgomery National Golf Club, who utilized 504 financing to construct the new club house, Tyler Scholl, co-owner of Busch Brothers Machining in New Prague, MN, which utilized 504 financing to purchase the real estate and equipment from the prior owners of Busch Brothers Machining, Dan Hardel, banker at Frandsen Bank & Trust - Montgomery, and Dwayne Lee of the 504 Corporation. Moderator for the panel was LuAnn Vanderwerf, board member for 504 Corporation. The panel discussed the benefits of working with their banker and the 504 Corporation in achieving their goals for business expansion and ownership.

Also presenting information on regional resources were Southern Minnesota Initiative Foundation and Community and Economic Development Associates (CEDA).

After a fabulous lunch catered by Pizzeria 201, everyone headed out to enjoy the beautiful day hitting some golf balls on the fun themed Beatles course.

06/18/2024

Yesterday was Bring Your Cat to Work Day. Tigger wanted to show everyone that he is a working feline. Prior to his hard work day, he had to hydrate with sink water, hence the wet head.

06/13/2024

This week the 504 Corporation along with the Southeast Minnesota Small Business Development Center - SBDC (Rochester) hosted our annual Lender training at Willow Creek Golf Course- Rochester, MN. The panel included Marc Woolman, former business owner, Karen Heimdahl, Sylvan Brewing and Krystal Campbell, Sprouts Childcare & Early Education Center. Our moderator, Aaron Casterton, Keen Bank, asked questions pertaining to their start-up procedures, their financing solutions, their planning strategies, their successes and obstacles. The business owners provided valuable information and demonstrated that hard work, determination and willingness to work with economic development organizations was key to their success.

05/31/2024

It is Smile Day! Protect your smile by visiting St. Peter Family Dental Center. The 504 Corporation is proud to have been involved in the financing of their newly renovated and expanded location, new equipment and refinance of fixed assets which allows them to better serve their clients.