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CONTACT USAs the business continued to grow, RestoreMore purchased and renovated a building in the City of Racine, creating a permanent home for its operations.
To facilitate the company’s expansion project, reduce the company’s down payment to 10%, and lock in a low-interest rate, Business Lending Partners (BLP) partnered with Barry Fries, Vice President of Commercial Banking at Johnson Financial Group, to secure an SBA 504 loan. Johnson Financial Group provided 50% of the project financing, while BLP funded 40% through the SBA 504 loan program, enabling RestoreMore to complete the purchase and renovation with just a 10% down payment.
Let BLP help you with your next expansion project. Contact one of our lending staff members at info@BLP504.info.
BLP is the finance team for the Racine County Economic Development Corporation (RCEDC). Every project must be evaluated and reflect an element of community development.
BLP, with offices in Racine County and Brown County, is licensed to serve businesses and collaborate with banks throughout Wisconsin. Its commitment to supporting small businesses and enabling franchise growth has made it a trusted partner for entrepreneurs seeking to leverage the benefits of SBA lending programs.
Learn more about the SBA 504 loan program by visiting blp504.org/sba-loans.
