(Pictured: Mike Stearns, Vice President – MBFC and Melvin Lempiainen – Weslake Resort)

Celebrating Veteran Entrepreneurship! 

MBFC is honored to present a $3,000 MBFC VetLoan Advantage Rebate to Melvin Lempiainen, Weslake Resort.

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 $235,000 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.

Melvin partnered with MBFC’s Mike Stearns and Darren Krein – Vice President, Farmers State Bank to secure a SBA 504 loan for the purchase of Weslake Resort in Underwood, MN. Weslake Resort is a year-round resort that offers premium cabin accommodations, exceptional fishing and a variety of recreational activities!

Melvin started serving in the United States Navy in 1985. In 1986 he was assigned to the USS Blue Ridge, Yokosuka, Japan. Melvin achieved Petty Officer 2nd Class in 4 years and re-enlisted for an additional 4 years. Melvin received Sailor Of The Quarter (recognition for superior performance, professionalism, and leadership) multiple times as a US Naval Photographer aboard the USS Blue Ridge. Melvin served during the Gulf War and was honorably discharged November, 1992.

Thank you, Melvin 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