Minneapolis Breakfast Club Newsletter August 12, 2020
Early Birds: Dick Anderson was waiting when Mark Arnold got there from his long drive from his Edina condo. We had a total of 20 attendees including 3 via ZOOM.
Guests: None today
Honorary Members: Karen Holtmeier and Mark Simon were in attendance.
President Jim Erickson brought the meeting to order with a ring of the bell and a moment of silence for longtime member Rueben Palm’s passing at 92 years of age.
- Show and Tell was provided by Jim Christianson. Jim walked us thru his 48-year history with the National Ski Patrol by showing his jackets from over time. He also brought in a HON ergonomic office chair that he sells for $269 delivered and has a list price of $800.
- Tip of the Day from Mark Arnold. “Your Brand is what people say about you when you are not in the room”.
- Club VP- We are in need of a VP that will also serve as president next year from January thru June of 2021. Please contact Jim Erickson if interested.
- We have craft talk openings available in October. Please contact Craig Blixrud to get on the calendar.
None today. What’s new in your own business?
Doing business with each other is a hallmark of this club. Todd Anderson, Paul Ralles, Kelsey Knight, Bill McReavy Jr, and Mike Palm all had something to share.
Neil Roers of Midwest One Bank had the craft talk today. Neil started his banking career at WellsFargo, followed by BMO Harris, and Central Bank. Central Bank was acquired by Midwest One and that is how Neil ended up at the Eden Prairie Branch office.
Midwest One is a large regional bank that could do loans up to $20M, but their typical loan is in the $500k to $5M range. Their commercial lines cover a wide range of working capital, commercial real estate, lines of credit, SBA 7A loans, SBA 504-Owner Occupied Real estate loans, and much more.
Neil talked about how his bank has been involved in COVID-19 PPP lending and loan forgiveness. He also talked about how their loan portfolio is being monitored for its COVID-19 risk assessment. Restaurants, Hotels, and Strip Malls are particularly risky in today’s environment.
Neil also gave us insight into the current loans he is working on that cover a large gamut of businesses.
Neil is from Marshall, MN and is married to Karie and has 3 sons, Frank, Rex, and Eli. He farms, hunts, and fishes at his lake cabin in his spare time.
Call Neil to do a deal with Neil!
Please register with Neil Roers. He can be reached at firstname.lastname@example.org or 612-790-1910.
August 19- Guest Speaker @ECC and Virtual. Show and Tell by Mark Simon and Tip of the Day by Todd Anderson.
August 25- DJ Kranz @ECC and Virtual