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Category: Federal Incentives, Grants & Loans, State Incentives, Grants & Loans
504 Corporation is a nonprofit organization certified by the U.S. Small Business Administration (SBA) to provide financial assistance to small businesses. As an SBA Certified Development Company, 504 Corporation works with SBA and lenders to deliver the 504 Loan Program to small businesses. The staff also assists businesses with local, state and federal financing programs and provides general business assistance.
The 504 loan program's primary goal is to create and retain jobs. In addition to job creation, the program helps to increase the real estate tax base, expand manufacturers, expand rural economies, and assist women, minority, and veteran owned businesses. As a result, the 504 program is focused on growing and promoting economic growth of every community throughout the country.
To better serve our customers, the corporate headquarters is located in Rochester, MN with a satellite office in Mankato. Our service area includes the state of Minnesota and La Crosse County, Wisconsin.
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220 South Broadway, Suite 100
Rochester, MN 55904
Phone: 507.288.6442 Fax: 507.282.8960
1961 Premier Drive, Suite 202
Mankato, MN 56001
Phone: 507.625.6056 Fax: 507.625.6173
The 3-story building known as the Wagon Works was built in the 1860's; over the years the Wagon Works building was home to a number of uses and most recently had fallen into a state of disrepair. The City wondered if the building was beyond repair. The community worked with Knudsen's Caramels & Cheesecake to acquire and finance a top to bottom renovation of the Wagon Works building, which now serves as an example of just how one might take a building from a total state of disrepair to a community treasure. Today, the caramel business is stronger than ever and Knudsen Caramels are distributed nationwide.