(Pictured: Terry Stein, Vice President – MBFC & Patrick Bailey, Psych North PLLC)
Celebrating Veteran Entrepreneurship! MBFC is honored to present a $3,000 MBFC VetLoan Advantage Rebate to Patrick Bailey, Psych North PLLC – Duluth, 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 $240,000 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.
Patrick Bailey and Natalie Johnson partnered with MBFC’s Terry Stein and Jason Crawford, Bell Bank to secure a SBA 504 loan for the purchase of their building for the relocation of their existing business, Psych North PLLC, dba Ketamine North Infusion Center in Duluth MN.
Ketamine North Infusion Center currently operates as a specialized mental health and wellness center based in Duluth, MN with an additional location in Hibbing, MN. Established in 2020, the clinic focuses on providing innovation treatments for mood disorders and chronic conditions through advanced therapies. Ketamine North emphasizes a comprehensive care model, combining medication management, infusion therapy, and integration counseling, making it a multidisciplinary center for mental health and wellness.
Patrick Bailey is a certified registered nurse anesthetist and has been a CRNA for 25+ years. Patrick is a retired veteran where he served in the Nurse Corp as a Lieutenant with the Navy Reserve Hospital from 1986-2000. Natalie Johnson is also a certified registered nurse anesthetist and psychiatric nurse practitioner.
Thank you, Patrick for your service and congratulations on this exciting new chapter!
For additional information about benefits for veteran business owners, contact your MBFC Business Development Officer today by visiting our website at www.mbfc.org.