Business Financing

The Business Finance Division of RCEDC is Business Lending Partners (BLP), a sister organization that assists companies within the County through the administration of several fixed rate, long-term Revolving Loan Fund ProgramsBLP also partners with financial institutions within the County and throughout the State of Wisconsin to offer financing through the SBA 504 Loan Program. BLP is the only Certified Development Company headquartered in Southeast Wisconsin, and have been in business since 1983.

 
Benefits of loans from BLP:
  • Low, fixed-interest rates
  • Low down payment options
  • Long-term financing
  • Flexible loan terms
  • Experienced staff
  • Local servicing of your loan
Eligible use of funds:
  • Land and building purchases
  • Land and building renovations
  • Building construction
  • Machinery and equipment
  • Furniture and fixtures
  • Leasehold improvements
  • Inventory
  • Working Capital
  • Limited refinancing with expansion project
  • Temporary refinancing of real estate and
    equipment loans
  • Environmental remediation
Typically, a project is structured as follows:
  • Private lender covers 50% of total cost BLP lends up to 40% of total cost. Borrower contributes as low as 10% of total cost
  • Low-interest loans from Business Lending Partners typically take a subordinate mortgage, lien positions to the bank financing on the project

Testimonial:

"The SBA 504 program provided my client with a long-term, low-interest rate making it possible to expand his business into a larger, more efficient space. The professional staff of Business Lending Partners made the program easy to understand and offered a quick turnaround time for my client. "

      -Andy Vogel (BMO)
 
 

Click here for a detailed listing of the staff who assist in this area.