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John Sower

John is co-founder and President of Chesapeake Business Finance Corp. He has made hundreds of SBA 504 loans in Maryland, Pennsylvania, and New Jersey.  Previously he was Senior Director of the National Development Council where for 10 years he managed staffers in five cities who helped finance over $2 billion of business and property development projects in twenty eastern states using private and government financing sources. He was an officer and ten-year board member of the National Council for Urban Economic Development (now International Economic Development Council) where he co-chaired the Small Business Finance Specialty Committee. In the late 1970s he was the primary creator of SBA's section 503-504 loan program and in 1981 he was the founder and first President of the National Association of Development Companies (NADCO) - the trade association. In 1993 he was elected to NADCO's "hall of fame" for his role in creating the 504 program.

He has other commercial, mortgage and investment banking experience, He has a MBA in Finance from the University of Michigan and a BA in Economics from Lawrence University in Wisconsin.


Tom Turner

Tom is a member of the business development team and has 8 years of experience marketing the 504 loan program and processing 504 loans in Maryland, Northern Virginia, and DC.  He works with business owners, bankers, small business development centers, brokers and others on a wide variety of types of SBA 504 loans. He has 20 years previous experience as a small business owner and consultant, and he has both Bachelor and Master’s degrees from the University of Maryland.




John Sower
President
1101 30th St NW #500
Washington, DC 20007
Tel: 202-625-4373
Fax: 202-342-0389
jsower@chesapeake504.com
Tom Turner
Sr. Vice President
1101 30th St NW #500
Washington, DC 20007
Tel: 410-564-9085
Fax: 202-342-0389
tturner@chesapeake504.com




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