SBA 504 helped West River Equipment to expand as father and son carry on family tradition

“When we opened on the Mandan strip in 2017, we thought it would be ten to fifteen years before we ever need to move,” said West River Equipment co-owner Delvin Boehm who admits its a nice challenge to confront as a small business owner. 

Delvin, together with his father, Lyle, are carrying on a family tradition. Delvin’s grandfather operated the first Vermeer equipment dealership in North Dakota for 45 years.

Delvin and Lyle started West River Equipment on the Strip in Mandan to carry on the Vermeer dealership and expand to serve more customers.

Serving thousands in three states

Looking back, both men say the critical decision was to expand the business to carry more lines, including tractors, other farm equipment, and construction equipment. 

Diversification soon created a bigger footprint beyond West River’s primary service area of central North Dakota. Today, West River serves thousands across North Dakota, South Dakota, and Montana. In addition to farmers and ranchers, West River also serves feed lots, large contractors, landscaping companies, and oil field service providers.

“We carry Vermeer haying and feeding equipment, Krone hay and silage equipment, Deutz-Fahr tractors, Hyundai and Wacker Neuson construction equipment along with a number of short lines with everything from skid steer buckets to hay wagons,” says Lyle.

Their customers are served by a 26-person team of sales professionals, parts specialists, service technicians, and support staff.

“We never expected the growth that occurred over the first five years and we quickly found that our building and lot space was
nowhere near adequate to take care of our customers,” says Delvin. 

“After much prayer and searching for some land we could afford, we decided to build west of Mandan.”

With the decision made, both men met with their lender, Neuley Kienzle, at Cornerstone Bank in Bismarck. 

Upon looking at their needs and wishes, Kienzle introduced the Boehms to both Lewis & Clark Development Group and the SBA 504 Loan. 

Simple process leads to great results

“Working with Lewis and Clark on the SBA 504 Loan was a fairly simple process,” notes Lyle.

“After the initial gathering of documentation at the beginning, there was not really anything else we had to do until closing. They worked well with our banker, took care of the details, and were quick to respond to any questions we had.”

“It was a simple and straight-forward process as almost all SBA 504 Loans are,” said Ashley Hruby, LCD Group’s senior lending director.

“The SBA 504 Loan is designed to be simple for client and their lender. That’s one of the two major reasons why its so effective,” Hruby adds. 

The second reason is the range the loan covers, which for the Boehms chiefly included the  acquisition of land west of Mandan and the cost of new construction. 

“Neuley Kienzle with Cornerstone Bank and the Boehms were excellent to work with,” adds Hruby. “I love seeing community lenders working creatively to provide the best financial package to their borrowers. It makes my role all the more rewarding.”

The Boehms could not be more pleased with the process and the end result.

“Between Cornerstone Bank and Lewis and Clark Development Group, we had great support to make our new facility a reality,” says Delvin.

There’s no doubt, his grandfather would be proud.

Learn More: Click here to learn more about the SBA 504 Loan

Photo Credits: West River Equipment

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