U.S. Bank increased its Milwaukee-area small business lending by 20 percent in the first quarter, compared to the same period a year ago.
The bank does not break the statistic down by industry, but most of the uptick came from the manufacturing sector, said Mike Ward, senior vice president and region manager for Wisconsin. “In particular, we’ve seen the tool and die segment of the manufacturing industry adding some equipment in the last four to five months,” Ward said. Many recent purchases by U.S. Bank customers have been industrial space, he said. For more, read the new edition of the BizTimes Money Weekly.
