Success Stories


Spectrum Investment Advisors Inc

Spectrum Investment Advisors Inc will be constructing a new facility in Mequon. Moving just 1.5 miles from their current location, the new facility will increase the square footage utilization from 4,800 square feet to over 12,000. With assistance from Business Lending Partners (BLP), Spectrum was able to receive financing through the U.S. Small Business Association (SBA) 504 loan program to assist in the financing of their real estate needs.

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Bon Voyage

With headquarters in the Village of Waterford, Bon Voyage Cruises and Vacations, Inc. has purchased their second location in the Village of Union Grove. Having rented a space in Union Grove, the company has continually grown since its establishment in 1997. With this growth, a larger building was required. With guidance from BLP and Community State Bank, Bon Voyage was able to use the Racine County Economic Development Administration Revolving Loan Fund (EDA RLF) to purchase the new building at 1014 Main Street.

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Westosha Sports Complex

Silver Sales owners, David and Dorenda Adamecz, take on a new adventure by creating Westosha Sports Complex, LLC. Located in the Silver Lake community of Salem Lakes, WI, Westosha Sports will be a multi-purpose facility. The proposed 10,500 SF training complex will sit on a 2-acre parcel of land in Silver Lake. The makeup of the complex will include two golf tunnels and seven baseball tunnels, five of which will retract into a full Little League field. BLP partnered with MRJ Deals, LLC to assist with the U.S. Small Business Administration (SBA) 504 loan that allowed the Adamecz to explore this new business venture. The relationship between BLP and the Adamecz lead to a project that will fulfill the needs of the Lakeland Little League and the greater community.

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Cookinpellets

Successful enetrprenuers, Chris and Julie Becker, have purchased the historic building that is the Rapids Business Center. The three-story building was built in 1955 and sits on 6.78 acres at 35,848 SF. With the growth of Cookinpellets.com, the newly purchased Rapids Business Center allows the Beckers to house Cookinpellets.com and promote space for other businesses. BLP partnered with Johnson Bank to assist the Beckers with the Economic Development Administration Revolving Loan Fund (EDA RLF). This fund allows business to borrow long term loans that will ultimately be repurposed back into the fund for future borrowers. BLP and the Becker’s relationship lead to a project that will provide greater economic opportunity to the City of Racine.

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Merz north America Inc.

Merz North America considered several options before deciding to consolidate its operations in Racine County, including outsourcing distribution activities and relocation of portions of its operations outside of Wisconsin. With the support of the Racine County forgivable loan, administered by Business Lending Partners, Merz North America, Inc. committed to a $3 million capital investment in Racine County, which will be used to facilitate consolidation into a 100,000 square-foot leased facility. This new site will be home to the company's particle manufacturing, packaging, professional services, and distribution operations. The project is expected to retain 165 existing jobs and create a minimum of 20 new jobs over the next three years.

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SBA 504

April 2018

20-Year Fixed Rate:

5.222%

10-Year Fixed Rate:

5.298%