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BLP Helps TS Food Packaging Expand with SBA 504 and RLF Loans - BLP - Business Lending Partners
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BLP Helps TS Food Packaging Expand with SBA 504 and Local RLF Loans

City of Burlington, WI –  TS Food Packaging, formerly known as RoJo’s Popcorn and Troystar Packaging, began with a focus on private-label popcorn portion packs. Under the leadership of Robin J. Vos, who took over the company in 1996, TS Food Packaging expanded its product line beyond popcorn, now offering seasonings, oils, and even non-popcorn products. This strategic diversification has fueled significant growth for the company both in sales and employees.

 

To support this growth, TS Food Packaging teamed up with Business Lending Partners (BLP) and Greenwoods State Bank for financial support. In 2020, Robin secured a $3.8 million SBA 504 loan via BLP which was 40% of the project, and Greenwoods State Bank provided 50% of the costs. The 2020 SBA loan allowed the company to purchase and renovate a larger facility in Burlington. This new location allowed for more efficient operations and increased capacity for additional business opportunities.

TS Food Packaging

In 2022, when renovation costs increased for the new Burlington facility, BLP helped the company with an $80,000 local Revolving Loan Fund (RLF), covering 100% of the additional funds needed. In 2023, further expansion was supported with the purchase of a key piece of equipment for their new packaging line. The equipment purchase was financed through another local RLF, which provided 36% of the costs, with Greenwoods State Bank contributing 54%, leaving only 10% for TS Food Packaging to cover.

Partnering with Business Lending Partners, Greenwoods State Bank, and RCEDC has been instrumental in our growth at TS Food Packaging. Their support enabled us to secure the funding necessary for expansion and they really helped us navigate challenges along the way. The combination of SBA 504 loans and local revolving loan funds allowed us to scale our operations, meet growing demand, and stay competitive in an evolving market.”
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Robin J. Vos

Owner of TS Food Packaging

TS Food Packaging services over 30 companies nationwide. Their reach extends to 280 bars and restaurants in southern Wisconsin and northern Illinois, along with smaller packages sold to major retailers like Target and Walmart through distributors.

 

BLP provides access to the SBA 504 loan program, as well as opportunities and access to multiple RLFs. Companies such as TS Food Packaging are able to access these RLF & SBA loans to reduce their out of pocket expenses and down payments. Contact one of BLP’s loan officers today to find out how we can help.

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 and Green Bay, 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.

SBA 504 LOAN PROGRAM
wesley walsh blp
Wesley Walsh, Loan Officer at Business Lending Partners
Learn More about the SBA 504 LOAN PROGRAM

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