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SBA 504 Loan Funded: Coextruded Plastic Technologies Invests $1.6M - BLP - Business Lending Partners

20159

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SBA 504 Loan Funded

$1.6M Investment Powers CPT’s Expansion — A Win for Everyone Involved

Coextruded Plastic Technologies, Inc.

Industry: Manufacturing

Location: Janesville, WI

Program: SBA 504 Total Project Cost: $1,583,000 Uses: Purchase of new equipment for two thermoformers Down Payment: 10%

“Wings Credit Union appreciates BLP’s diligence and perseverance in getting this loan to Coextruded Plastic Technologies to the finish! This resulted in a nice long-term rate for the client and helped them to preserve capital, while also helping Wings to manage its exposure. This was a win for everyone. Thank you to the team at BLP! We always know we can count on you and that is so important.”

Edward Kinney

Senior Vice president | Commercial Lending, Wings Credit Union

CONTACT US FOR YOUR BUSINESS LENDING NEEDS

Grace Kieckbusch

Vice President & Loan Officer

Vice President & Loan Officer with a degree in Finance from the University of Wisconsin - Parkside.

Green Bay Office920.384.0385 Grace@blp504.org

Wesley Walsh

Vice President & Loan Officer

Wesley Walsh is a commercial lender passionate about helping small businesses. A Magna Cum Laude graduate of UW-Eau Claire, he’s interned at Associated Bank and worked at Tri City National Bank.

Racine Office262.898.7436 Wesley@blp504.org

The Small Business Administration (SBA) is broadening the definition of “small business” to include larger businesses. This means that even more businesses are eligible for SBA financing.

The adjustment reflects a 34.46% increase to accommodate inflation since the last interim size standard update in 2010. The Final Rule, consistent with the Proposed Rule from July 28, 2023, is adopted unchanged.

Additionally, the SBA will routinely evaluate inflation and economic indicators, making size standard adjustments as needed. The Alternative Size Standard for inflation will adhere to the established five-year schedule for reviewing monetary-based industry size standards.

WHY SBA 504?
The SBA 504 program enables you to serve your current clients while also obtaining new prospects. Through this program, you can enhance your commercial financial portfolio, positioning your institution as an innovative and strategic partner for your clients.

WHY BLP?
BLP is a Certified Development Company (CDC) serving all of Wisconsin. As a financial partner, clients know they’re not just another number. Our partners benefit from having one contact – start to finish. Reduce risk, lend more, grow your portfolio!