Success Stories


Merz North America Inc.

 
"Merz is committed to not only retaining jobs in Racine County, but also to creating new opportunities," said Matthew Anderson, Vice President Technical Operations, Merz North America. "This significant investment was driven by our rapid growth and we are very thankful to Racine County and RCEDC for their continued support. We look forward to seeing how this project will help our business grow and succeed in the long-term."
 
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.
 

Maurer's Market

"Settlers Bank had an outstanding experience with BLP in obtaining SBA authorization for 504 financing for Mr. Maurer's purchase of a grocery store in Wisconsin Dells.  The structure includes companion SBA 7(a) financing.  Thomas Van Gent and Janell Topczewski of BLP worked closely with our 7(a) packager, Todd Miller, to help us through the process.  Both BLP staff and Todd have been patient and diligent in putting together this financing package.  Settlers bank appreciates all of their efforts!" Says Edward W. Kinney Senior Vice President Commercial Lending at Settlers Bank. 


Maurer's Market is a full service grocery store offering bakery, chef prepared meals, Deli, and liquor sections. They are proud supporters of Wisconsin Agriculture, and they work to offer better services and top quality products. Maurer's Market is the only full service grocery story in the Wisconsin Dells/Lake Delton area. With the help of BLP and Settlers Bank Kristie's Foods Dells LLC was able to purchase the Market using attractive long term, fixed rate financing. 

Prairie Side Veterinary Hospital

Prairie Side Veterinary Hospital reopened at its new location on Hwy 20 in Racine on June 12th.
 
"I was happy to work with BLP to come up with a financing plan that worked for Prairie Side Veterinary Hospital" says Mark E. Wittwer of Southport Bank "Their staff was helpful and knowledgeable. BLP is a valuable resource I look forward to using again in the future."
 

Mars Cheese Castle

Mars Cheese castle has completed the expansion to their existing facility at 2800 West Frontage Rd. They added approximately 24,488 square feet to the existing 21,042 building. 
 
"Mars Cheese Castle is a 3rd generation family-owned business in Southeastern Wisconsin. Johnson Bank was proud to partner with Business Lending Partners to provide a long-term, fixed rate option that allowed its client to expand their facility to meet increased client demand," says Thomas Moore Senior Vice President of Johnson Bank "BLP staff were very responsive in putting together a financing alternative which met the needs of the client as well as Johnson Bank. The client appreciated BLP's attention to detail and quick turnaround in approving this financing structure." 
 

Building Waters

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.

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Nailed It

The nail salon opened in West Racine in 2011 before relocating in 2014 to its current downtown location on Main Street. The business has outgrown its leased space and desires to offer more services and grow the business.  To do that, the owners sought a building that would allow for continued growth in downtown Racine. That opportunity arose across the street from their current location.  Anne and her husband John purchased 333 Main Street and are now in the process of renovating it to house the salon.

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Super 8

BLP successfully assisted an owners group with the purchase of two hotels, the Super 8 and Quality Inn & Suites in Eau Claire, Wisconsin.  

 

 

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ACME Construction Metals

Acme Construction Metals is a structural and ornamental metal fabricating company that provide structural steel and ornamental metals as well as erecting for general contractors.The company has successfully delivered projects including theming structures.

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Willkomm Development LLP

Michael and James Willkomm are the third generation of the Willkomm family to work in petroleum distribution and second generation to own and operate the Willkomm businesses serving the Southeast Wisconsin market since 1946. The Willkomms own several areas.

 

 

 

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SBA 504

October 2017

20-Year Fixed Rate:

4.635%

10-Year Fixed Rate:

4.152%

Historical Rate Graph