Chesapeake Business Finance Corp.
Chesapeake Business Finance Corp ("Chesapeake") is a private non-profit corporation licensed by the U.S. Small Business Administration ("SBA") to make SBA 504 loans to businesses in Maryland, DC, southern Delaware, Northern Virginia, and eastern West Virginia.
Chesapeake recently celebrated a big anniversary - 20 years of service to small businesses and bankers in the Mid-Atlantic community - which included nearly 300 approved SBA 504 loans, $300 million of approved SBA financing, over $750 million of total financing for businesses - and over 5,000 jobs.
John is the co-founder and President of Chesapeake Business Finance Corp. He has made hundreds of SBA 504 loans in the Mid-Atlantic area. Previously he was with the National Development Council where he managed staff who helped finance over $2 billion of business and development projects using private and government financing. He was a board member of the National Council for Urban Economic Development (now the International Economic Development Council) where he co-chaired the Small Business Finance Committee
He was the primary creator of SBA's 503-504 loan program and was the founder and first President of the National Association of Development Companies (NADCO). In 1993 he was elected to NADCO's "hall of fame" for his role in creating the 504 program.
He has a MBA in Finance from the University of Michigan and a BA in Economics from Lawrence University in Wisconsin. He has previous commercial, mortgage and investment banking experience.
Tom is a member of the business development team and has 14 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.