The Lighthouse Group


Business The Lighthouse Group aka Thrivent Financial
Lending Partner Community State Bank
Owner Daniel Sinnen, Kevin Christensen, and Timothy Demuth
Location Racine, Wisconsin
Project Building Purchase and Renovations
Jobs Creating 3
Financing Source Racine Development Group Revolving Loan Fund (RDG RLF)

The Lighthouse Group is a local 'Thrivent Financial’ team of financial advisors consisting of Kevin Christensen, Daniel Sinnen, and Timothy Demuth. The group helps individuals, families, and businesses establish their own financial plans that are unique to their situation by providing financial products or services offered through Thrivent Financial. The Lighthouse Group is based in Racine with 95% of clients living in the Racine area. Individuals that are getting serious about planning for retirement, approaching their retirement date, or living in retirement are the three main customers that the team focuses on. The team offers a range of product or services with insurance, annuities, retirement, investment, and fee-based plans.

 

 

 

The Lighthouse Group values their relationship with each client and because of this their customer base has grown since establishment in 2005. The team realized that in order to continue to give their clients the exceptional service that they deserve, they would need additional advisors and that would require a larger office.  After searching for a location that would meet their needs they decided on 4000 Spring Street in the City of Racine. BLP partnered with Community State Bank in providing the company with a Racine Development Group Revolving Loan Fund (RDG RLF) loan that offers low-interest rate and reduces the equity requirement to only 10%.  The loan assisted The Lighthouse Group in their business expansion while renovating and occupying a long-vacant building in the City of Racine.

Since the relocation, the team feels that they have increased their visibility to the community of Racine. They were also able to add two new employees and are excited to better serve their community. When asked about their experience working with BLP, Tim replied, “It was a pleasure working together as a team in order to better our community.

 

 

SBA 504

June 2017

20-Year Fixed Rate:

4.596%

10-Year Fixed Rate:

4.514%

Historical Rate Graph