Loan Calculator
BLP Logo

The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

CONTACT US
1-262-898-7420 info@BLP504.org  
10003
post-template-default,single,single-post,postid-10003,single-format-standard,mkd-core-2.0.2,mikado-core-2.0.2,ajax_fade,page_not_loaded,,onyx child-child-ver-1.0.0,onyx-ver-3.3, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,elementor-default,elementor-kit-8101,elementor-page elementor-page-10003
Eric Zimmermann at Valme North America Inc. facility

Valme North America Expands Using the New Greater Racine County Loan Fund

July 28, 2021
0 Comments

Racine County, Wisconsin – A new Revolving Loan Fund (RLF) program was capitalized by Racine County to support local companies impacted by the Foxconn development in Mount Pleasant, Wisconsin. The new program is referred to as the Greater Racine County RLF.

With the significant increase in Racine County’s construction activity as a result of Foxconn, companies have a funding tool to support their Foxconn-related expansion plans. The new RLF offers flexible financing so businesses can hire additional employees, offset operating costs, and invest in new assets to increase revenues.

valme concrete distribution systems
Valme North America Inc. Raymond, WI Facility

“On behalf of Racine County, I am happy this RLF program supported the growth of Valme North America,” said Jonathan Delagrave, Racine County Executive.

“This loan will allow them to purchase cutting and welding equipment to meet the influx of construction projects due to the Foxconn development.”

jonathan delagrave
Racine County Executive, Jonathan Delagrave

Recently, Valme North America took advantage of this new RLF program to purchase equipment. The Valme Group was founded in Italy in 1985, and in 2019 it established the new Valme North America branch in Raymond. Valme North America manufactures standard and double layer pipes that play a major role in concrete distribution and building manufacturing. With the significant growth of construction projects in Racine County, Valme North America invested in equipment, which allows them to produce complete pipe systems in Racine County.

Valme reaches about 20% of North American sales for these types of products, and continues to increase production to meet demand.

“I would say that when it comes to financing a business expansion project, your first call should be to RCEDC,” said Eric Zimmermann, Vice President of Valme North America. “They will not only take the time to understand your needs but will also help find and secure the best available financial resources.”

Eric Zimmermann - Vice President of Valme North America at Raymond, WI facility

 

For businesses and lenders interested in learning more about Business Lending Partners’ Greater Racine County RLF program and how to apply, you can contact BLP’s Loan Officer Wesley Walsh at
(262) 898-7436 or wesley@blp504.org.

 

DOWNLOAD PRESS RELEASE

BE THE FIRST TO KNOW - FOLLOW BLP

Linkedin Facebook Twitter

FINANCIAL UPDATES DELIVERED RIGHT TO YOUR INBOX

Tags:
No Comments

Post a Comment