Building Water, Inc.


 

Building Waters, Inc. (Building Waters) is a full-service plumbing company formed in 2011 by Wesley Rosenberg who decided to start his own business as the sole employee. From 2011 to October 2015, Wes operated the business out of his personal residence. Due to the large growth in business, Building Water’s rented part of a warehouse at 2101 Lathrop Avenue in October 2015 and completed a build-out of the space including signage and multiple office spaces. In March 2017 Wes discovered the building was being sold; having invested a significant amount of money into the building, he decided to purchase it. With the help of BLP and the City of Racine loan program, he purchased 2101 and 2111 Lathrop Avenue in the City of Racine.

“I never hesitate to get BLP involved whenever my clients can benefit from their partnership.  Building Waters is the embodiment of the typical Racine area small business –talented, tough, and hard-working.  They deserved a lending structure that best served their interests, and with BLP, we delivered it." James Hauser Assistant Vice President- Commercial Lending, Tri City National Bank

Wesley Rosenberg is active in the day to day operation of the business and is involved in the quoting and coordination of plumbing jobs. Since the business was established,  Building Waters, Inc. has grown from 1 employee to 11. As part of the company’s next planned expansion, 3 FTE employees are expected to be added. The building includes two commercial spaces, one of which was leased to Prairie Side Veterinary prior to its recent relocation. Building Waters plans to expand into that space. Building Waters covers Racine, Kenosha, Milwaukee, and Waukesha Counties. They specialize in handling commercial plumbing including 24/7 emergencies for their clients. They have also added HVAC and commercial refrigeration services.

"I felt honored that BLP had the confidence in our business that we would continue to grow and add local employees to our team.  They support the growth of local businesses in our community and working with them was a breeze.  I am truly grateful." - Wesley Rosenberg    

 

SBA 504

August 2017

20-Year Fixed Rate:

4.537%

10-Year Fixed Rate:

4.497%

Historical Rate Graph