(Pictured: Mark Andersen, EVP – Northwoods Bank, Lisa and David Shilo – Heavenly Escapes Resort & Terry Stein, VP – MBFC)
Celebrating Veteran Entrepreneurship!
MBFC is honored to present a $3,000 MBFC VetLoan Advantage Rebate to David Shilo, Heavenly Escapes Resort – Miltona, MN!
This rebate reflects Midwest Business Finance Corporation’s (MBFC) long‑standing and voluntary commitment to the NADCO VetLoan Advantage program, supporting veteran‑owned businesses since 2014. Unlike most SBA 504 lenders, MBFC is one of the very few Certified Development Companies that actively participate in this program. To date, MBFC has returned more than $250,000 of its own capital directly to veteran‑owned small businesses through VetLoan rebates — a meaningful financial commitment that goes well beyond standard SBA lending practices and serves as a tangible tribute to the service and dedication of our nation’s military members.
David and Lisa Shilo, owners of Heavenly Escapes Resort, LLC partnered with MBFC’s Terry Stein and Mark Andersen, Northwoods Bank to secure a SBA 504 loan for the purchase of the resort in Miltona, MN.
Heavenly Escapes Resort is located on Lake Miltona near Alexandria, MN. This lake is a premier fishing destination, offering something for every skill level. This family-owned resort offers lakeside cabins, lodge rooms and a welcoming atmosphere designed for rest, connection and memorable stays!
David Shilo enlisted in the United States Marine Corps in 1977 through the Delayed Entry Program and graduated from high school in 1978. After graduation, he attended recruit training at Marine Corps Recruit Depot Parris Island, South Carolina, where he successfully completed boot camp. Following boot camp, he completed Military Occupational Specialty (MOS) training in Operations and Intelligence. Upon graduation, he was given a choice of duty stations and was assigned to Marine Corps Air Station Kaneohe Bay, Hawaii, where he served with Marine Fighter Attack Squadron VMFA-212. The primary mission of VMFA-212 was to maintain a high state of readiness for rapid deployment anywhere in the world on short notice. During his service with the squadron, he deployed to South Korea, Japan, the Philippine Islands, and several military installations along the West Coast of the United States. His duties included maintaining intelligence reports, compiling and safeguarding classified information, and ensuring commanding officers were kept current through Top Secret intelligence briefings. These responsibilities required accuracy, attention to detail, and the ability to handle sensitive information while supporting the operational readiness of the squadron
Thank you for your service, David and congratulations on this exciting new chapter!