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SBA 504 Loan Funded: Maverick Mechanicals Invests $505k - BLP - Business Lending Partners

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SBA 504 Loan Funded

$505k Investment Supports Expansion of Southeast Wisconsin Plumbing Business

Maverick Mechanicals LLC is a growing industrial plumbing contractor based in southeast Wisconsin, founded in 2018 by Shanna and Joe Swartz. With their New Berlin office at full capacity, the company is expanding to a second location in Oostburg to better serve customers and employees in Sheboygan County and northern Milwaukee communities. To support the purchase and continued growth of the business, Maverick Mechanicals partnered with Josh Sopczak, Senior VP of Business Banking at Town Bank, and BLP to secure SBA 504 financing—positioning the company to expand its services while maintaining its strong reputation for reliability, responsiveness, and customer satisfaction.

Maverick Mechanicals

Industry: Industrial Plumbing Contractor

Location: Oostburg, WI

Program: SBA 504 Total Project Cost: $505,000 Uses: Business expansion Down Payment: 10%

CONTACT US FOR YOUR BUSINESS LENDING NEEDS

Grace Kieckbusch

Vice President & Loan Officer

Grace Kieckbusch is a commercial lender who loves finding financing solutions that help small businesses thrive. A Magna Cum Laude graduate of UW–Parkside, she began her career at BLP after interning with the team during college.

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!