BANKS
AMCORE Bank
2365 N. Mayfair Road
Wauwatosa 53226
www.amcore.com
Customer Contact: 1-888-4-AMCORE
Parent Corp.: AMCORE Financial
Number of Wisconsin Locations: 22
Total assets as of Sept. 30, 2006: $5.4 billion
Number of SBA loans in 2006: 56
Commercial Real Estate Loans
Types available: Construction, Mini-permanent and long-term fixed-rate
Types of real estate financed: Owner-occupied industrial, warehouse, office, retail, mixed-use and multifamily
Size of loans handled: Up to $20 million and beyond depending on the circumstances
Working Capital Loans
Size of loans handled: Up to $20 million and beyond depending on the circumstances
Other Loans Available
Types: SBA loans, equipment loans and
lines of credit
Size of loans handled: Up to $20 million and beyond depending on the circumstances
Other Strengths
Experienced bankers who know the local market and offer a depth of products that appeal to both consumers and businesses. AMCORE provides a full range of consumer and commercial banking services, a variety of mortgage lending products and wealth management services.
Anchor Bank
15600 W. Cleveland Ave.
New Berlin 53151
www.anchorbank.com
Customer Contact: Jack West, (262) 317-7132
Parent Corp.: Anchor Bank FSB
Number of Wisconsin Locations: More than 60
Total assets as of Sept. 30, 2006: $4.28 billion
Commercial Real Estate Loans
Types available: Construction, refinance, term, fixed or variable rate
Types of real estate financed:
Multi-family, retail, office, subdivision, other commercial, other
Size of loans handled: Generally $500,000 to $5 million or higher
Working Capital Loans
Size of loans handled: Generally $500,000 to $5 million or higher
Other Loans Available
Types: SBA, WHEDA, Department of
Development, FNMA, combinations with conventional
Size of loans handled: Varies
Associated Bank
401 E. Kilbourn Ave.
Milwaukee 53202
www.associatedbank.com
Customer Contact: David Baumgarten,
president; Michael J. Miller, executive vice president; Al Banach, senior vice president; Mike Fleming, senior vice president; John Hankerd, senior vice president; Greg Larson, senior vice president
Parent Corp.: Associated Banc-Corp.
Number of Wisconsin Locations: 229
Total assets as of Sept. 30, 2006: $20.8 billion
Number of SBA loans in 2006: 1,359
Types of direct financing available: Business, consumer, residential mortgages, investment real estate, leasing, dealer financing, home equity, charge cards
Commercial Real Estate Loans
Types available: Term loans and lines of credit
Types of real estate financed: warehouse, office, multi-family, retail
Size of loans handled: $25,000 to $25 million
Working Capital Loans
Size of loans handled: $25,000 to $28 million
Other Loans Available
Types: Business term loans, letters of credit
Size of loans handled: $25,000 to $25 million
Other Strengths
Depository products, treasury management services, international and trust services.
Bank of Elmwood
2704 Lathrop Ave.
Racine 53405
262-554-5321
www.bankofelmwood.com
Bank Mutual
4949 W. Brown Deer Road
Milwaukee 53224
www.bankmutual.com
Customer Contact: Joseph Martin, (414) 371-8272, joseph.martin@bankmutual.com
Parent Corp.: Bank Mutual Corp.
Number of Wisconsin Locations: 75
Total assets as of Sept. 30, 2006: $3.4 billion
Number of SBA loans in 2006: 15
Types of direct financing available: Revolving lines of credit, term loans, construction loans, letters of credit, government backed/guaranteed loan programs
Commercial Real Estate Loans
Types available: Owner-occupied, investment real estate, construction loans
Types of real estate financed: Most any type
Size of loans handled:
$250,000 to $20 million plus
Working Capital Loans
Size of loans handled:
$50,000 to $10 million plus
Other Loans Available
Types: Letters of credit, government backed/guaranteed loan programs
Size of loans handled: $50,000 plus
Other Strengths
Experienced relationship managers,
local decision making.
Bank of Kenosha
5117 Green Bay Road
Kenosha 53144
Customer Contact: Tom Carls, (262) 842-1074
Parent Corp.: Wisconsin Bancshares Inc.
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $220 million
Types of direct financing available:
All types of commercial loans
Commercial Real Estate Loans
Types available: Acquisition, construction
Types of real estate financed: Most types
Size of loans handled: Up to $3 million
Working Capital Loans
Size of loans handled: Up to $3 million
Other Loans Available
Types: SBA, WHEDA, business acquisition, equipment financing
Size of loans handled: Up to $3 million
Other Strengths
Specialized accounts receivable financing available, local loan decision-making, knowledgeable lending staff.
Chase Bank
14900 W. Capital Dr.
Brookfield 53005
www.chase.com
Customer Contact: Don Rajchel, (262) 783-3902
Parent Corp.: JP Morgan Chase
Number of Wisconsin Locations: 74
Commercial Real Estate Loans
Types available: conventional,
non-conventional, construction, SBA 504
Types of real estate financed: Construction, owner-occupied, churches
Size of loans handled: $250,000 to $5 million
Working Capital Loans
Size of loans handled: $250,000 to $5 million (lines of credit)
Other Loans Available
Types: Letters of credit, term, equipment, finance, consumer loans/lines, SBA 7(a)
Size of loans handled: $250,000 to $5 million
Other Strengths
SBA preferred lender (includes Community Express), long-term fixed-rate financing, capital markets and investment banking resources, robust treasury management and international banking capabilities.
Citizens Bank
N56 W16949 Ridgewood Dr.
Menomonee Falls 53051
www.citizensonline.com
Customer Contact: Sandy Basting, (262) 703-3724, sandy.basting@cb-cf-net.com
Parent Corp.: Citizens Banking Corp.
Number of Wisconsin Locations: 51
Commercial Real Estate Loans
Types available: Commercial construction, owner-occupied/investment properties, commercial and industrial, working capital loans and equipment loans
Other Strengths
Depth of local management, knowledge of market and commercial banking experience, big bank capability with small bank agility.
Citizens Bank of Mukwonago
301 N. Rochester St.
P.O. Box 223
Mukwonago 53149
www.citizenbank.com
Customer Contact: (262) 363-6500
Parent Corp.: Citizens Bank Holding Inc.
Number of Wisconsin Locations: 12
Total assets as of Sept. 30, 2006: $507 million
Number of SBA loans in 2006: 5
Commercial Real Estate Loans
Types of real estate financed: Commercial, light industrial, office, non-profit,
recreational, land development,
condominiums and spec homes for
developers and builders
Size of loans handled: Single limit of
$11 million, participations available
for larger amounts
Working Capital Loans
Size of loans handled: Single limit of
$11 million, limited SBA guarantee possible
Other Loans Available
Types: Revolving lines of credit, SBA and WHEDA assisted lines, term loans, SBA 504, 7(a) and SBA express, equipment, leasehold lines of commitment, floor plans and letters of credit.
Other Strengths
Software for Internet-based bank-to-bank and bank-to-customer balance transfers, accounts receivable payable, credit car payment system and payroll, lock box cash management, three locations open seven days a week, locally owned with community bank approach and strong community involvement, average of 15 years experience per relationship officer.
Commerce State Bank
508 Shepherds Dr.
West Bend 53090
www.commercestatebank.com
Customer Contact: Joe Fazio, (262) 247-2800
Parent Corp.:
Commerce Financial Holdings Inc.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $100 million
Number of SBA loans in 2006: 3
Types of direct financing available: All
Commercial Real Estate Loans
Types available: All
Types of real estate financed: All
Size of loans handled:
Any, target is $200,000 to $5 million
Working Capital Loans
Size of loans handled: $100,000 to $500,000
Other Loans Available
Types: mortgage, home equity, lines of credit
Size of loans handled: Any
Other Strengths
Unbeatable deposit rates, unbeatable speed of approval on loans, direct interaction with senior management, local decisions.
Commercial Bank
200 S. Fremont St.
Whitewater 53190
262-473-1111
www.commercialbankww.com
Community Bank & Trust
5380 N. Port Washington Road
Milwaukee 53217
www.communitybankandtrust.com
Customer Contact: Paul Farrelly,
(414) 967-9880
Parent Corp.: Community Bank & Trust
Number of Wisconsin Locations: 11
Total assets as of Sept. 30, 2006: $515 million
Number of SBA loans in 2006: 79
Types of direct financing available:
Business, consumer, residential
mortgages, investment real estate,
charge cards, lease financing
Commercial Real Estate Loans
Types available: Construction,
mini-permanent, take out
Types of real estate financed:
Owner-occupied, office, retail, investment
Size of loans handled: $25,000 to $8 million
Working Capital Loans
Size of loans handled: $25,000 to $8 million
Other Loans Available
Types: Acquisition financing
Size of loans handled: $25,000 to $8 million
Other Strengths
Recipient of Customer First Award,
preferred lender status for SBA loans,
third largest in dollar amount SBA lender in the state of Wisconsin for the fiscal
year ending Sept. 30, 2006.
Community Bank Delavan
820 E. Geneva St.
Delavan 53115
(262) 728-2265
www.communitybankdelavan.com
Community State Bank
1500 Main St.
Union Grove 53182
www.communitystatebank.net
Customer Contact: Steven Bell, (262) 878-3763, sbell@communitystatebank.net
Number of Wisconsin Locations: 9
Total assets as of Sept. 30, 2006: $245 million
Commercial Real Estate Loans
Types of real estate financed: All types of commercial real estate
Continental Savings Bank
5000 S. 116th St.
Greenfield 53228
www.csbmoney.com
Customer Contact: Phil Westfahl, (414) 525-7070 ext. 133, pwestfahl@csbmoney.com
Number of Wisconsin Locations: 8
Total assets as of Sept. 30, 2006: $200 million
Commercial Real Estate Loans
Types of real estate financed: multi-family and commercial real estate
Size of loans handled: Up to $10 million
Other Strengths
Local underwriting, approval and
servicing of loans.
Cornerstone Community Bank
2090 Wisconsin Ave.
Grafton 53024
www.Bankwithcornerstone.com
Customer Contact: Craig Bauer,
(262) 375-9150
Parent Corp.: Community Bancshares
of Wisconsin Inc.
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $99 million
Commercial Real Estate Loans
Types available:
Term, real estate, lines of credit
Types of real estate financed: All
Size of loans handled: Up to $4 million
Working Capital Loans
Size of loans handled: Up to $4 million
Other Loans Available
Types: preferred SBA lender
Size of loans handled: Up to $4 million
Other Strengths
Independent community bank, local decision makers, personal service.
First Bank Financial Centre
155 W. Wisconsin Ave.
Oconomowoc 53066
www.fbfcwi.com
Customer Contact: John Lynch,
(262) 560-2056
Parent Corp.: Oconomowoc Bancshares Inc.
Number of Wisconsin Locations: 8
Total assets as of Sept. 30, 2006: $480 million
Number of SBA loans in 2006: 29
Commercial Real Estate Loans
Types available: Construction, land
development, term mortgages
Types of real estate financed: Industrial,
office, retail, multi-family, subdivision
development, condo development, raw land
Size of loans handled: Up to $5 million
Working Capital Loans
Size of loans handled: $10,000 to $5 million
Other Loans Available
Types: SBA loans, business acquisition,
equipment financing, business growth
and expansion
Size of loans handled: $10,000 to $5 million
Other Strengths
Expertise in commercial real estate lending. SBA approved PLP lender for
approximately two years with a strong role in SBA supported business lending for the purpose of acquiring businesses or general business expansion. The bank offers online banking services for deposit related products, as well as for reviewing loan information, and is continuing to refine its service delivery in all areas that will benefit overall customer service.
First Banking Center
400 Milwaukee Ave.
Burlington 53105
www.firstbankingcenter.com
Customer Contact: Brant Chappell,
(262) 767-3225
Parent Corp.: First Banking Center Inc.
Number of Wisconsin Locations: 17
Total assets as of Sept. 30, 2006: $723,604
Number of SBA loans in 2006: 5
Types of direct financing available:
full spectrum of consumer, mortgage, commercial and agricultural
Commercial Real Estate Loans
Types available:
Construction and land development, multi-family, farmland, commercial property
Types of real estate financed: All types
Size of loans handled: $12 million
Working Capital Loans
Size of loans handled: $12 million
Other Loans Available
Types: All government guaranteed products
Size of loans handled: Up to $12 million
Other Strengths
One of the largest lenders to small business and agribusiness in Wisconsin and northern Illinois, unique lending niches include dairy farms, cheese manufacturers and Amish farm loans.
First Business Bank-Milwaukee
18500 W. Corp. Dr.
Brookfield 53045
www.fbbmilwaukee.com
Customer Contact: Steve Yahnke,
(262) 792-7111
Parent Corp.: First Business Financial Services
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $125 million
Number of SBA loans in 2006: 5
Types of direct financing available: Lines of credit, term loans, government-guaranteed loan programs, personal loans including mortgage, home equity and credit card and special purpose loans
Commercial Real Estate Loans
Types available: Construction, term, refinance
Types of real estate financed: Investment, owner-occupied and development
Size of loans handled: Up to $10 million
Working Capital Loans
Size of loans handled: Up to $10 million
Other Loans Available
Types: asset based loans, leases
Size of loans handled: Up to $10 million
Other Strengths
No cost courier and deposit pick up, complete banking proposals, full-service trust and investment subsidiary, free first business networking events, local decision making, remote deposit, Internet banking, premium deposit rates, responsive, personalized attention and access to top decision makers.
First Citizens State Bank
207 W. Main St.
Whitewater 53190
www.firstcitizensww.com
Customer Contact: Eric Sobczak, (262) 473-1401, esobczak@firstcitizensww.com
Parent Corporation: Whitewater Bancorp
Number of Wisconsin locations: 4
Total assets as of Sept. 30, 2006: $180 million
Number of SBA loans given in 2006: 6
Types of direct financing available:
All types of bank loans
Commercial Real Estate Loans
Types available: All types
Size of loans handled: Less than $5 million
Working capital loans
Size of loans handled: Less than $5 million
Other strengths
Personalized service
First Federal Savings Bank of Wisconsin
134 Wisconsin Ave.
Waukesha 53186
www.firstfedwaukesha.com
Customer Contact: Terry Sutter, (262) 548-8872
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $88 million
Commercial Real Estate Loans
Types available:
Working capital lines, term loans, equipment, commercial real estate, SBA loans
Size of loans handled: $25,000 to $3 million
First National Bank of Hartford
116 W. Summer St.
P.O. Box 270106
Hartford 53027
www.fnb-hartford.com
Customer Contact: (262) 673-5800
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $146.8 million
Number of SBA loans in 2006: 6
Commercial Real Estate Loans
Types available: Fixed and variable
Types of real estate financed: multi family, commercial, industrial, development
Size of loans handled: $100,000 to $5 million
Working Capital Loans
Size of loans handled: $10,000 to $1 million
Other Loans Available
Types: Equipment, machinery, vehicle
Size of loans handled: $10,000 to $2 million
Other Strengths
Locally owned independent bank, local
decision making, wealth management
and trust services, employee benefit
services, discount brokerage, business owners insurance.
First Wisconsin Bank & Trust
1133 Quail Ct.
Pewaukee 53072
www.firstwisconsinbank.com
Customer Contact: George Justice, (262) 695-1540, gjustice@firstwisconsinbank.com
Parent Corp.: QCR Holdings Inc.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $16 million
Commercial Real Estate Loans
Types available: Term, construction, SBA 504, lot development
Types of real estate financed: All types
Size of loans handled: $25,000 to $10 million
Working Capital Loans
Size of loans handled: $100,000 to $6 million
Other Loans Available
Types: Equipment term, equipment line of credit, SBA 7A, leases
Size of loans handled: $100,000 to $6 million
Other Strengths
Local lending decisions, seasoned lending staff, seasoned treasury management staff, officers specialized in several verticals, superior treasury management products.
Foundations Bank
N35 W23770 Capitol Dr.
Pewaukee 53072
(262) 691-9400
www.foundationsbank.com
Customer Contact: Chris Brock, 262-691-2975, chris.brock@foundationsbank.com
Parent Corporation: Generations Bancorp Inc.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $71 million
Number of SBA loans in 2006: 2
Types of direct financing available: Lines of credit for working capital and equipment financing, term loans, commercial real estate loans and construction loans.
Commercial Real Estate Loans
Types available: Fixed and variable rate loans and adjustable rate balloon notes.
Types of real estate financed: Owner-occupied and non-owner-occupied commercial real estate including industrial, multi-family, office and retail; new construction; land development including residential and commercial.
Size of loans handled: $500,000 to $5 million
Working Capital Loans
Size of loans handled: $50,000 to $5 million
Other Loans Available
Types: Fixed rate equipment financing, letters of credit, commercial leasing, government loan programs
Size of loans handled: $50,000 to $5 million
Other Strengths
Locally owned, community bank with local decision makers. The bank has special expertise in helping owner-managed businesses meet their goals with a focus on manufacturing and contractors.
Fox River State Bank
241 E. Jefferson St.
Burlington 53105
www.foxriverstatebank.com
Customer Contact: Robert Wolf, (262) 767-8600, rwolf@foxriverstatebank.com
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $72.4 million
Commercial Real Estate Loans
Types available: Provide financing for construction, acquisition and refinancing of commercial properties, as well as financing for residential development
Size of loans handled: low seven figures
Working Capital Loans
Size of loans handled: low seven figures
Other Loans Available
Types: Asset-based loans, letters of credit, SBA loans, credit card services, floor plan loans, equipment term loans, mini-perm development loans
Other Strengths
Personalized and customized loan structuring
Franklin State Bank
7000 S. 76th St.
Franklin 53132
Customer Contact: James Crowley (414) 529-6063, jim.crowley@cfg-mail.com
Parent Corp:
Merchants and Manufacturers Bancorp.
Number of Wisconsin locations 2
Total Assets as of Sept. 30, 2006: $90,261,000
Number of SBA loans so far in 2006: 1
Commercial Real Estate Loans
Types available: Purchases, refinance, etc.
Size of loans handled: $100,000 to $5 million
Working Capital Loans
Size of loans handled: $50,000 to $5 million
Other Strengths
Local decision making, experienced lenders, community bank
Grafton State Bank
101 Falls Road
Grafton 53024
www.graftonstatebank.com
Customer Contact: Steve Rossmeissl, (262) 377-5511, steve.rossmeissl@cfg-mail.com
Parent Corp.: M&M BanCorp
Number of Wisconsin Locations: 4
Total assets as of Sept. 30, 2006: $185 million
Commercial Real Estate Loans
Types available:
Construction, financing, mini perms
Types of real estate financed: Owner-
occupied commercial, multi-tenant
office, multi-family residential
Size of loans handled: Up to $3 million
Working Capital Loans
Size of loans handled: Up to $3 million
Other Loans Available
Types:
Equipment financing, business purchase
Size of loans handled: Up to $3 million
Other Strengths
Personal service and experienced lenders.
Great Midwest Bank
15900 W. Bluemound Road
Brookfield 53005
www.greatmidwestbank.com
Customer Contact: Dennis Doyle, (262) 641-1316, dennis@greatmidwestbank.com
Number of Wisconsin Locations: 12
Total assets as of Sept. 30, 2006: $535 million
Commercial Real Estate Loans
Types available: Real estate development, multi-unit residential
Size of loans handled: Up to $12 million
Other Loans Available
Types: Lot loans, bridge loans, home equity, first mortgage
Other Strengths
70 years, local community bank.
Guaranty Bank
4000 Brown Deer Road
Brown Deer 53209
Customer contact: Dave Frank, president, business banking, 414-362-5619, dave.frank@gbmail.com
www.guarantybanking.com
Parent corp.: Guaranty Bank
Number of Wisconsin locations: 63
Total assets as of Sept. 30, 2006: $1.77 billion
Commercial Real Estate Loans
Types available: Owner-occupied, investment and light industrial
Size of loans handled: Up to $1.5 million (amounts over this handled as exceptions)
Working Capital Loans
Size of loans handled: Up to $1 million
Other Loans Available: Small business auto loans, overdraft protection lines, and
business credit cards
Other Strengths
Totally free small business checking, local decision making, and large residential first and second mortgage lender.
Heartland Business Bank
4706 S. Taylor Dr.
Sheboygan 53082
www.thehbb.com
Customer Contact: Mark Maurer, (800) 793-6001, mmaurer@thehbb.com
Parent Corp.: Heartland Financial USA Inc.
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $210 million
Number of SBA loans in 2006: 30
Types of direct financing available: Business loans including SBA and USDA rural development loans, lines of credit and equipment leases, specialize in long-term financing, franchise lending and government-guaranteed lending (SBA PLP lender and USDA certified lender)
Commercial Real Estate Loans
Types available: Construction, permanent
Types of real estate financed: various
Size of loans handled: $500,000 and larger
Working Capital Loans
Size of loans handled: $500,000 and larger
Other Loans Available
Types: Franchise loans
Size of loans handled: $500,000 and larger
Other Strengths
SBA PLP lender in Wisconsin and
Wisconsin’s only certified USDA business and industry lender.
Investors Bank
W239 N1700 Busse Road
Waukesha 53188
www.investorsbank.com
Customer Contact: Glenn Michaelsen,
(262) 523-1000,
gmichaelsen@investorsbank.com
Parent Corp.: InvestorsBank Corp.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $328 million
Number of SBA loans in 2006: 5
Types of direct financing available:
Business loans, SBA loans, industrial revenue bonds, commercial mortgage, residential mortgage, home equity
Commercial Real Estate Loans
Types available: Construction, bridge, permanent financing
Types of real estate financed: Industrial, office, warehouse, investment real estate, development loans
Size of loans handled: Up to $10 million
Working Capital Loans
Size of loans handled: Up to $6 million
Other Loans Available
Types: Equipment, business and personal credit cards, personal loans
Size of loans handled: $10,000 and up
Irwin Union Bank
555 N. Plankinton Ave.
Milwaukee 53203
www.irwinunion.com
Customer Contact: Tim Schadeberg, (414) 226-8925, tim.schadeberg@irwinunion.com
Parent Corp.: Irwin Financial Corp.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $5.1 billion
Number of SBA loans in 2006: 72
Types of direct financing available: Auto, mortgage, home equity, credit cards
Commercial Real Estate Loans
Types available: Acquisition, term
Types of real estate financed: Commercial, office, industrial, residential, land
Size of loans handled: Up to $15 million
Working Capital Loans
Size of loans handled: $8 million
Other Loans Available
Types: private banking
Size of loans handled: $15 million
Other Strengths
Located in 11 states
Johnson Bank
333 E. Wisconsin Ave.
Milwaukee 53202
www.johnsonbank.com
Parent Corp.: Johnson Financial Group
Number of Wisconsin Locations: 40
Total assets as of Sept. 30, 2006: $40 billion
Commercial Real Estate Loans
Types of real estate financed:
Owner-occupied and investment real estate
Size of loans handled:
Up to $45 million in aggregate
Working Capital Loans
Size of loans handled:
Up to $45 million in aggregate
Other Loans Available
Types: Equipment loans
Size of loans handled:
Up to $45 million in aggregate
LaSalle Bank
411 E. Wisconsin Ave., Suite 2300
Milwaukee 53202
www.lasallebank.com
Customer Contact: James Meyer, (414) 224-0380, james.meyer@abnamro.com
Parent Corp.:
LaSalle Bank Corp./ABN AMRO Bank
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $110 billion
Commercial Real Estate Loans
Types available: Construction, acquisition, mini-perm, conduit
Types of real estate financed: Residential (multi-family, condominium, land development), office, industrial
Size of loans handled: More than $2.5 million
Working Capital Loans
Size of loans handled: More than $5 million
Other Loans Available
Types: Term loans (machinery and
equipment), M&A revolver
Size of loans handled: $5 to $50 million
Other Strengths
International presence, Web-based
treasury management.
Layton State Bank
4850 S. Moorland Road
New Berlin 53151
www.Laytonstatebank.com
Customer Contact: Larry Bangs, (262) 821-6200
Parent Corp.:
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $100 million
Number of SBA loans in 2006: 15
Commercial Real Estate Loans
Types available: Real estate purchases,
refinance and construction loans
Types of real estate financed: income
production properties and owner-occupied
Size of loans handled: A variety of loan
programs available
Working Capital Loans
Size of loans handled: A variety of loan
programs available
Other Loans Available
Types: SBA, equipment, accounts
receivable, inventory
Size of loans handled: A variety of
loan programs available
Other Strengths
Responsive, flexible, individualized banking solutions provided by experienced
commercial lenders.
Legacy Bank
2102 W. Fond du Lac Ave.
Milwaukee 53206
www.legacybancorp.com
Customer Contact: Romona Moore, (414) 343-3010, rmoore@legacybancorp.com
Parent Corp.: Legacy Bancorp
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $153 million
Number of SBA loans in 2006: 6
Types of direct financing available:
Conventional loans, real estate loans,
participation in SBA loans, loans for
working capital and equipment.
Commercial Real Estate Loans
Types available: Commercial real estate or business term loans
Types of real estate financed: All types of commercial real estate
Size of loans handled: $2.5 million, but can participate in larger loans
Working Capital Loans
Size of loans handled:
No minimum or maximum
Other Loans Available
Types: Lines of credit and business term loans
Size of loans handled:
no minimum or maximum
Other Strengths
Legacy Bank offers SBA loans, MEDC
participant loans, WHEDA guaranteed loans and U.S. Department of
Transportation guaranteed loans.
Lincoln State Bank
100 N. Water St., Suite 100
www.lincolnstatebnk.com
Customer Contact: Joseph Murry,
(414) 291-7958
Parent Corp.: Merchants & Manufacturers BanCorp Inc.
Number of Wisconsin Locations: 9
Total assets as of Sept. 30, 2006: $485 million
Commercial Real Estate Loans
Types available: various terms
Types of real estate financed: multi-family, owner-occupied, investment
Size of loans handled: Up to $20 million
Working Capital Loans
Size of loans handled: Up to $20 million
Other Loans Available
Types: Commercial term, new business
start-up, SBA loans
Size of loans handled: Up to $20 million
Other Strengths
Quality client service from a long-term Milwaukee community-based institution, with products and services (wealth management and financial planning, tax and accounting, trust) to match our client’s needs.
M&I Marshall & Ilsley Bank
770 N. Water St.
Milwaukee 53202
www.mibank.com
Customer Contact: Mary Chandler,
(414) 765-7700
Parent Corp.: Marshall & Ilsley Corp.
Number of Wisconsin Locations: 195
Total assets as of Sept. 30, 2006: $54 billion
Number of SBA loans in 2006: 334
Types of direct financing available:
All types, including SBA, WHEDA, working capital lines of credit, term loans and equipment loans
Commercial Real Estate Loans
Types available: Most types of owner-
occupied of income-producing properties
Types of real estate financed: Most
Size of loans handled: All sizes
Working Capital Loans
Size of loans handled: All sizes
Other Loans Available
Types: Equipment loans, leasing, SBA and other government programs
Size of loans handled: All sizes
Other Strengths
M&I also provides trust and investment
management, equipment leasing,
mortgage banking, asset-based lending, financial planning, investments and
insurance services from offices throughout the country and on the Internet.
Marine Bank
N27 W24025 Paul Ct.
Pewaukee 53072
www.marinebank.com
Customer Contact: John Hickey,
(262) 695-6000
Parent Corp.: CIB Marine Bancshare Inc.
Number of Wisconsin Locations: 6
Types of direct financing available:
Operating lines, acquisition and development, construction equipment
Commercial Real Estate Loans
Types available: Acquisition and development, construction, mini-perm owner-occupied, office, warehouse, retail, investment
Size of loans handled: Up to $10,000
Working Capital Loans
Size of loans handled: Up to $10,000
Other Loans Available
Size of loans handled: Up to $10,000
Maritime Savings Bank, Maritime Mortgage Corp.
10427 W. Lincoln Ave.
West Allis 53227
www.maritimesavings.com
www.maritimemortgage.com
Customer Contact: Thomas Maas,
(414) 328-2760
Parent Corp.: Maritime Savings Bank
Number of Wisconsin Locations: 8
Total assets as of Sept. 30, 2006: $340 million
Commercial Real Estate Loans
Types available: one to five year balloon notes (fixed or variable) and ARMs
Types of real estate financed: mixed-use, office building, raw land, manufacturing, multi-family, development loans, retail centers and health care and construction loans
Size of loans handled: Up to $6 million
Working Capital Loans
Size of loans handled: $6 million
Other Strengths
Full service bank, over 90 years experience, locally serviced mortgages, quick decisions and turn around.
MidAmerica Bank, FSB
(formerly St. Francis Bank)
13400 Bishops Lane, Suite 190
Brookfield 53005
www.stfrancisbank.com
Customer Contact: (262) 787-8800
Parent Corp.: MAF Bancorp Inc.
Number of Wisconsin Locations: 24
Total assets as of Sept. 30, 2006:
More than $10 billion
Number of SBA loans in 2006: 2
Types of direct financing available:
Lines of credit, mortgages, term loans
Commercial Real Estate Loans
Types available: 1-, 2-, 5-year ARMS
Types of real estate financed: Most types
Size of loans handled:
$100,000 to $30 million
Working Capital Loans
Size of loans handled: $10,000 to $20 million
Other Loans Available
Types: Term loans
Size of loans handled: $10,000 to $20 million
Mitchell Bank
1039 W. Historic Mitchell St.
www.mitchellbank.com
Customer Contact: Jeff Bowman, (414) 645-0600, jbowman@mitchellbank.com
Parent Corp.: Mitchell Bank Holding Corp.
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $85 million
Number of SBA loans in 2006: 1
Types of direct financing available: All types of business loans are available
Commercial Real Estate Loans
Types available: Construction, purchase and refinance, owner-occupied or investor
Types of real estate financed:
All types of commercial real estate, including, but not limited, to apartments, office buildings, manufacturing, warehouses, mixed use, retail
Size of loans handled: $50,000 to $2 million
Working Capital Loans
Size of loans handled: $50,000 to $2 million
Other Loans Available
Types: Lines of credit, equipment term, loans, SBA guaranteed loans; SBA 504 loans
Size of loans handled: $50,000 to $2 million
Other Strengths
We offer personalized service by experienced commercial loan officers.
MWBank
W178 N9358 Water Tower Place
Menomonee Falls 53051
www.mwbankonline.com
Customer Contact: Roger Dirksen
Parent Corp.: Capital Commerce Bancorp Inc.
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $170 million
Number of SBA loans in 2006: 4
Types of direct financing available: Business, consumer, real estate loans
Commercial Real Estate Loans
Types available: Loans for the purchase,
construction, improvement or refinance
of real estate
Types of real estate financed: office, warehouse, manufacturing, retail, apartment
Size of loans handled: Up to $2.5 million
Working Capital Loans
Size of loans handled: Loans and lines of credit up to $2.5 million
Other Loans Available
Types: Equipment loans, WHEDA, installment, home equity, charge cards
Size of loans handled: Up to $2.5 million
Other Strengths
Commercial banking, cash management,
private banking, residential mortgages.
North Milwaukee State Bank
5630 W. Fond du Lac Ave.
Milwaukee 53216
414-466-2344
www.nmsbank.com
North Shore Bank
15700 W. Bluemound Road
Brookfield 53005
www.northshorebank.com
Customer Contact: David Potter,
(262) 797-3801
Number of Wisconsin Locations: 42
Total assets as of Sept. 30, 2006: $1.8 billion
Commercial Real Estate Loans
Types available: Fixed, variable
Types of real estate financed: Owner-occupied, investment properties, development
Size of loans handled: Up to $15 million
Working Capital Loans
Size of loans handled: $5 million
Other Loans Available
Types: Equipment leasing, SBA loans
Size of loans handled: $5 million
Northern Trust Bank
526 E. Wisconsin Ave.
Milwaukee 53202
www.ntrs.com
Customer Contact: Laurie Brand,
(414) 905-7783
Parent Corp.: The Northern Trust Co.
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006: $125 million
Number of SBA loans in 2006: 9
Types of direct financing available:
Contact for more information
Commercial Real Estate Loans
Types available: Investment property
Types of real estate financed: Most types
Size of loans handled:
$500,000 to $5 million plus
Working Capital Loans
Size of loans handled:
$500,000 to $5 million plus
Other Loans Available
Types: private banking
Size of loans handled:
$500,000 to $5 million plus
Other Strengths
Investment management, trust services,
private banking.
Oostburg State Bank
905 Center Ave.
Oostburg 53070
(920) 564-2336
www.oostburgbank.com
Ozaukee Bank
N69 W5269 Columbia Road
Cedarburg 53012
www.ozaukeebank.com
Customer Contact: William Werner, (262) 375-7681, werner@ozaukeebank.com
Total assets as of Sept. 30, 2006: $678 million
Number of SBA loans in 2006: 2
Types of direct financing available: All business, commercial real estate, residential real estate, private banking and retail
Commercial Real Estate Loans
Types available: All types
Types of real estate financed: All types
Size of loans handled: Up to $15 million
Working Capital Loans
Size of loans handled: Up to $15 million
Other Loans Available
Types: All business, commercial real estate, private banking and retail
Size of loans handled: Up to $15 million
Other Strengths
Work with decision makers, quick turn-around, local servicing and flexibility.
Park Bank
330 E. Kilbourn Ave.
Milwaukee 53202
www.parkbankonline.com
Customer Contact: Dave Werner,
(262) 827-5131
Parent Corp.: Bankmanagers Corp.
Number of Wisconsin Locations: 7
Total assets as of Sept. 30, 2006: $712 million
Number of SBA loans in 2006: 27
Types of direct financing available:
working capital lines of credit, term loans, commercial real estate, construction loans, SBA express and community express lender, commercial leasing, letters of credit, business acquisition, government loan programs
Commercial Real Estate Loans
Types available:
Construction, development, term
Types of real estate financed: office,
industrial, retail, multi-family, hotel/motel, hospital, education
Size of loans handled: $14 million
Working Capital Loans
Size of loans handled: $14 million
Other Loans Available
Types: Commercial leasing, business
acquisition, SBA, other government loan programs, letters of credit
Size of loans handled: $14 million
Peoples Bank
837 N. Wisconsin St.
P.O. Box 890
Elkhorn 53121
www.peoplesbankwi.com
Customer Contact: James Weiss, (262) 723-4200
Parent Corp.: Peoples Bancshares Inc.
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $129 million
Number of SBA loans in 2006: 12
Commercial Real Estate Loans
Types available: All types
Types of real estate financed: All types
Size of loans handled: All sizes
Other Loans Available
Types:
Any commercial, business or retail financing
Size of loans handled: All sizes
Port Washington State Bank
206 N. Franklin St.
Port Washington 53074
www.pwsb.com
Customer Contact: Steve Schowalter,
president and chief executive officer, steve.schowalter@pwsb.com
Parent Corporation: Port Bancshares Inc.
Number of Wisconsin locations: 7
Total assets as of Sept. 30, 2006: $308 million
Number of SBA loans in 2006: 4
Commercial Real Estate Loans
Types available: 5 and 7 year balloons, 504s, fixed and adjustable rate
Types of real estate financed: Light
industrial, industrial, business parks
and subdivisions
Size of loans handled: Up to $4.5 million
Working Capital Loans
Size of loans handled: Up to $4.5 million
Other Loans Available
Types: SBA, WHEDA, term loans and lines
of credit, receivable funding
Other Strengths
Locally owned and managed, provides full array of deposit and internet banking as well as trust and wealth management services. In early February, the bank will open a Cedarburg branch.
PyraMax Bank
7001 W. Edgerton Ave.
Greenfield 53220
www.pyramaxbank.com
Customer Contact: Alan Larsen, (414) 571-6900
Number of Wisconsin Locations: 7
Total assets as of Sept. 30, 2006: $490 million
Number of SBA loans in 2006: 8
Types of direct financing available: Fixed and variable rate term notes, lines of credit, single pay notes and letters of credit
Commercial Real Estate Loans
Types available: Term loans for owner-
occupied and investment real estate
Size of loans handled: Up to $6 million
Working Capital Loans
Size of loans handled: Up to $6 million
Other Loans Available
Types: Term loans, draw notes, and lines of credit for real estate construction and development projects, term loans for equipment purchases and business
acquisition or expansion, unsecured
small business line of credit with
simplified underwriting
Size of loans handled: Up to $6 million ($50,000 maximum for the small business line of credit)
Other Strengths
Community bank experienced commercial lending team and local ownership,
management and lending decisions.
RidgeStone Bank
13925 W. North Ave.
Brookfield 53005
www.ridgestone.com
Customer Contact: Lou Banach, (262) 789-1011
Parent Corp.: RidgeStone Financial Services Inc.
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $111 million
Commercial Real Estate Loans
Types available: Owner/occupied,
investment, multi-family
Types of real estate financed: office,
industrial, retail, multi-family
Size of loans handled: Up to $5 million
Working Capital Loans
Size of loans handled: Up to $5 million
Other Loans Available
Types: SBA, USDA, equipment, business acquisitions, church lending, medical
facilities, asset based conduit
Other Strengths
Remote banking capabilities, covering southeastern Wisconsin, our responsiveness.
Southport Bank
7027 Green Bay Road
Kenosha 53142
www.southportbank.com
Customer Contact: Kyle R. Vitkus, (262) 577-2413, kvitkus@southportbank.com
Parent Corp.: Southport Financial Corporation
Number of Wisconsin locations: 5
Total assets as of Sept. 30, 2006:
$436.8 million
Number of SBA loans so far in 2006: 7
Types of direct financing available
Commercial Real Estate Loans
Types available: 3 and 5 year balloons, up to 30 year amortizations (on rental real estate)
Types of real estate financed: Investment Real Estate, Commercial/Industrial Real Estate, multi-unit apartment buildings, single family homes, 2-4 family homes, warehouses, strip centers, manufacturing facilities, special use real estate
Size of loans handled: Up to $7 million
Working Capital Loans
Size of loans handled: Up to $7 million
Other Loans Available
Types of loans: Equipment loans, lines of credit, interest only notes, vehicle loans, leases
Size of loans handled: Up to $7 million
Other strengths
Locally owned bank, quick turnaround,
five convenient locations, access to
bank representatives.
State Bank of Newburg
300 Congress Dr./Hwy 33
Newburg 53060
P.O. Box 20
262-675-2306
Sunset Bank & Savings
521 W. Sunset Dr.
Waukesha 53189
www.sunsetbankandsavings.com
Customer Contact: Harry Johnson,
(262) 970-9000
Parent Corp.: Waukesha Bankshares Inc.
Number of Wisconsin Locations: 3
Total assets as of Sept. 30, 2006: $150 million
Types of direct financing available:
All commercial banking products
Commercial Real Estate Loans
Types available: development, owner-
occupied, multi-family
Types of real estate financed:
Size of loans handled: $2 million
Working Capital Loans
Size of loans handled: $2 million
TCF Bank
500 W. Brown Deer Road
Milwaukee 53217
www.tcfexpress.com
Customer Contact: (414) 351-8677
Parent Corp.: TCF Financial Corp.
Number of Wisconsin Locations: 36
Total assets as of Sept. 30, 2006: $14.2 billion
Commercial Real Estate Loans
Types of real estate financed: office buildings, retail, apartment complexes and industrial
Size of loans handled: $250,000 to $25 million
Working Capital Loans
Size of loans handled: $250,000 to $25 million
Other Loans Available
Types: Equipment, mergers and acquisitions, leveraged recapitalizations and industrial
Size of loans handled: $250,000 to $25 million
The Equitable Bank
2290 N. Mayfair Road
Wauwatosa 53226
(414) 476-6434
www.equitablebank.net
Customer Contact: Terry Herder, 414-350-7084
Offers commercial real estate loans. Not a participant in small business loans.
The Private Bank
743 N. Water St.
Milwaukee 53202
414-291-7100
www.pvtb.com
Town Bank
400 Genesee St.
Delafield 53018
www.townbank.us
Customer Contact: (800) 433-3076
Parent Corp.: Wintrust Financial Corp.
Number of Wisconsin Locations: 6
Total assets as of Sept. 30, 2006: $475 million
Number of SBA loans in 2006: 3
Commercial Real Estate Loans
Types available: Revolving lines of credit, construction lines, term loans for equipment, commercial real estate, SBA loans
Types of real estate financed: Office, industrial, land development, retail, residential and other commercial loans
Size of loans handled: Up to $60 million
Working Capital Loans
Size of loans handled: Up to $60 million
Other Loans Available
Types: SBA, long term fixed rate and permanent fixed rate, real estate financing
Size of loans handled: Varies
Other Strengths
Local decision making, access to equity capital, treasury management services, additional FDIC coverage available.
Tri City National Bank
6400 S. 27th St.
Oak Creek, 53154
www.tcnb.com
Customer Contact: Tom Rave, (414) 761-1610, t.rave@tcnb.com
Parent Corp.: Tri City Bankshares Corp.
Number of Wisconsin Locations: 36
Total assets as of Sept. 30, 2006: $713 million
Number of SBA loans in 2006: 3
Commercial Real Estate Loans
Types available: Construction, commercial and investment property, owner-occupied
Size of loans handled: Up to $15 million
Working Capital Loans
Size of loans handled: Up to $15 million
Other Loans Available
Types:
WHEDA, MEDC, SBA, WEDC, letters of credit
Other Strengths
Convenience of 19 locations open seven days per week from 10 a.m. to 8 p.m., plus 16 other full-service locations; all decisions made locally and quickly same banker delivers business and personal services to customer—not compartmentalized.
U.S. Bank Commercial Real Estate Lending
777 E. Wisconsin Ave.
Milwaukee 53202
www.usbank.com
Parent Corp.: U.S. Bancorp
Number of Wisconsin Locations: 2
Total assets as of Sept. 30, 2006: $213 billion
Commercial Real Estate Loans
Types available: Construction, redevelopment, acquisition and development loans, mini-perm, CMBS permanent financing and mezzanine and structured finance
Size of loans handled: $1 million and up
Other Strengths
National capabilities through local delivery, expertise in construction lending, property acquisition lending, refinancing, repositioning, single family development, lines of credit and CMBS securitization, creative credit and non-credit financial solutions, including interest rate management products, investment, treasury management and payment products and syndication and distribution capabilities for large financing projects.
Waldo State Bank
119 N. Depot St.
Waldo 53093
www.waldostatebank.com
Customer Contact: Tom Reil, waldosb@bizwi.rr.com , (920) 528-8385
Parent Corp.: Everett G. Smith Group
Number of Wisconsin Locations: 1
Total assets as of Sept. 30, 2006:
$30.8 million
Types of direct financing available:
Commercial loc, term loans, mortgages and installment loans
Commercial Real Estate Loans
Types available: Balloons and variable rates, 15 to 30 year terms
Types of real estate financed:
Commercial and residential
Size of loans handled: Up to $2 million
Working Capital Loans
Size of loans handled: Up to $500,000
Other Loans Available
Types: numerous real estate options,
personal installment loans
Size of loans handled: Up to $2 million
Walworth State Bank
105 N. Highway 67
P.O. Box 66
Walworth 53184
262-275-6154
www.walworthbank.com
Waukesha State Bank
100 Bank St.
Waukesha 53188
www.waukeshabank.com
Customer Contact: Ty Taylor, (262) 549-8500, ttyalor@wauekshabank.com
Number of Wisconsin Locations: 17
Total assets as of Sept. 30, 2006: $640 million
Number of SBA loans in 2006: 19
Types of direct financing available:
SBA loans (SBA preferred lender), other business financing
Commercial Real Estate Loans
Types available:
New construction, purchases, refinances
Types of real estate financed: Commercial/industrial, retail, office buildings, multi-family residential
Size of loans handled: Up to $15 million
Working Capital Loans
Size of loans handled: Up to $5 million
Other Strengths
SBA preferred lender, letters of credit, cash management services, investment management and trust services, qualified plan administration, payroll processing, merchant card services and online banking.
Wauwatosa Savings Bank
11200 West Plank Ct.
Wauwatosa 53226
www.wsbonline.com
Parent corp.: Wauwatosa Holdings Inc.
Number of Wisconsin locations: 8
Total assets as of Sept. 30, 2006: $1.6 Billion
Commercial Real Estate Loans
Types available: Term, construction, development
Types of real estate financed: Retail, office, industrial, subdivision, multifamily
Size of loans handled: Unlimited
Working Capital Loans
Size of loans handled: $250,000 to $5 million
Other Loans Available
Types of loans:
Wisconsin Loan Participation Purchases
Size of loans handled: $1 million to $5 million
Other Strengths
During 2006, Wauwatosa Savings Bank
significantly diversified the types of
commercial real estate loans available. During 2007 it will continue expansion of all business loan and commercial deposit product offerings.
Wells Fargo Bank
100 E. Wisconsin Ave., Suite 1200
Milwaukee 53202
www.wellsfargo.com
Customer Contact:
Philip Neary, (414) 224-7196
Parent Corp.: Wells Fargo Corp.
Number of Wisconsin Locations: 67
Total assets as of Sept. 30, 2006: $492 billion
Commercial Real Estate Loans
Types available: Construction/bridge
financing, mid-term, long-term private placement, taxable and tax-exempt bonds, securitized/non-recourse
Types of real estate financed: Owner-occupied commercial/industrial, investor, developer
Size of loans handled: Up to $250 million
Working Capital Loans
Size of loans handled: Up to $250 million
Other Loans Available
Types: Equipment finance, including
general equipment finance and leasing, vendor financial service and wholesale financial services
West Bend Savings Bank
201 S. 5th Ave.
West Bend 53095
www.wbsavings.com
Customer Contact: Mark Holsapple
Number of Wisconsin Locations: 20
Total assets as of Sept. 30, 2006: $405 million
Number of SBA loans in 2006: 4
Types of direct financing available: Business, consumer, residential mortgages, investment real estate, home equity, WHEDA and SBA
Commercial Real Estate Loans
Types available: Any
Size of loans handled: $10,000 to $5 million
Working Capital Loans
Size of loans handled: $10,000 to $5 million
Other Loans Available
Types: Construction/development, investor
or owner-occupied
Size of loans handled: $10,000 to $5 million
Other Strengths
“Here to Help” philosophy is a win-win for customers, flexible to meet your needs, locally owned with local decision process.
Wisconsin State Bank
201 Allen St.
P.O. Box 366
Random Lake 53075
920-994-4362
www.onlinewsb.com
government
Economic Development/ Washington County
2151 N. Main St.
West Bend 53090
(262) 335-5769
(262) 335-5897 (fax)
www.businessreadywi.org
info@businessreadywi.org
Economic Development/Washington County (EDWC) is a non-profit corporation made up of community partners set up to improve the business climate of
Washington County.
EDWC seeks to improve and enhance the economic vitality of the entire community by serving as the central voice on economic development issues, retaining the area’s current manufacturing and commerce sectors, attracting and creating new family-supporting jobs, supporting quality of life issues, reviewing requests for funding through Washington County’s Revolving Loan Fund Program, linking to available land and buildings, and working with our regional partners, including Milwaukee 7 and Forward Wisconsin.
The goals of EDWC are to retain and attract businesses, maintain workforce quality
and availability, encourage start-up businesses and entrepreneurship, and serve as central resource for recruitment and placement of businesses.
Hartford Area
Development Corp.
935 W. State St.
Hartford 53027
262-673-7009
262-673-4651 (fax)
www.hadc.org
Werner X. Wolpert, executive director, wxw@hadc.org
The HADC has a revolving loan fund for start-up companies in its business incubator, the Innovation Center of Hartford. Up to $75,000 may be borrowed for capital equipment purposes. Land purchases in the industrial parks of the city can be financed over a five year period interest free. The city of Hartford and Washington County can each provide revolving loan funds of $200,000 maximum in participation with prime lenders. Local banking institutions are active in SBA type financing. The city of Hartford will also sponsor industrial revenue and/or redevelopment bonds on a total project basis to finance land acquisition, plant construction and equipment purchases.
Milwaukee Economic Development Corp.
809 N. Broadway
P.O. Box 324
Milwaukee 53201
(414) 286-5840
(414) 286-5778 (fax)
www.medconline.com
Patrick Walsh, president
Milwaukee Economic Development Corp. (MEDC) offers financing programs for business in partnership with the private banking community. MEDC will finance 25-40 percent of the total project cost, with a participating lender financing a minimum of 50 percent and a minimum of 10 percent equity from the borrower. Loan terms are generally set at the useful life of the asset being financed and the MEDC will usually match the term and amortization of the participating lender. Twenty years is typical for real estate, while five to seven years is the usual amortization term for machinery and equipment. MEDC’s mortgage/lien may take a subordinated position behind the bank’s loan for the project. A larger down payment or extra collateral is requested in cases of start-up businesses, special-purpose real estate or collateral shortfalls.
Another financing option is the U.S. Small Business Administration 504 Program. It is a government sponsored debenture program that offers attractive terms and rates through government-guaranteed bonds. The 504 Debenture is limited to $1.5 million (up to $2 million in certain cases, manufacturers are eligible for $4 million) or up to 40 percent of the fixed asset project cost, whiche
