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SBA 504 Loan Funded: The Lawrence Event Center Invests $2.25M - BLP - Business Lending Partners

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SBA 504 Loan Funded

$2.25M Investment Supports Launch of The Lawrence Event Center

The Lawrence Event Center, led by Brady Davis, is transforming a former banquet facility in Menomonee Falls into a premier destination for weddings, corporate gatherings, and special events. Building on the success of Cava Events LLC, the project will revitalize the 35,000-square-foot venue with multiple indoor and outdoor event spaces, a rooftop reception area, and capacity for up to 450 guests. To support the purchase and renovation of the facility, The Lawrence Event Center partnered with Kale Unangst of Wings Credit Union and BLP to secure SBA 504 financing, positioning the business for long-term growth and success.

The Lawrence Event Center, LLC

Industry: Event Venue

Location: Menomonee Falls, WI

Program: SBA 504 Total Project Cost: $2,245,974 Uses: Purchase of real estate & renovation Down Payment: 15%

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

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!