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John Sower

Past Chair (1980-1981)

Chesapeake Business Finance Corp.

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.

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ADDRESS: 1725 DeSales Street NW, Suite 504 | Washington, DC 20036

PHONE: (202) 349-0070
Ext. 14 Claire O'Rourke (Congressional)
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