6303 75th St.
Kenosha 53142-3513
262-942-1500
262-942-9650 (fax)
Affinity Mortgage provides loans for commercial property including multi-family 5+ units, income producing properties, developments, manufacturing, industrial and business properties. Interest rates are fixed and adjustable based on credit rating. Maximum loan is $100 million.
CitiCapital Small Business Finance, Inc.
375 Bishops Way, Suite 220
Brookfield 53005
Dave Wagner, branch manager
262-789-7173
CIT Corp.
300 7th Pl.
Kenosha 53140-1119
262-553-9006
Robert Stalfort, president
Lends to businesses in the construction, lumber and transportation industries.
No minimum or maximum loan limits.
Diversified Business Credit
200 S. Executive Dr., Suite 101
Brookfield 53005-4216
262-827-4660
262-827-4659 (fax)
Bill Farrar, vice president
Diversified Business Credit is an asset-based lender providing accounts receivable and inventory financing on a revolving line of credit basis and fixed asset financing on a term loan basis. Loans range from $500,000 to $10 million and generally are provided to manufacturers, wholesalers, distributors, food processors and certain service industries. Typical situations include rapid growth, turnarounds and buyouts.
FCC Equipment Financing
15005 Wisconsin Ave.
Elm Grove 53122-2345
262-784-9766
Lends to businesses in the construction industry. Loans range from $25,000 to $25 million. Terms, rates and other criteria depend on individual case.
Manchester Commercial Finance
5150 N. Port Washington Rd. #160
Milwaukee 53217
414-967-7990
Charles Vollmer
Offers asset-based working capital loans to small and mid-sized businesses in most industries but retail. Loans typically range from $100,000 to $1 million.
Mortgage Authority
11040 W. Blue Mound Rd.
Wauwatosa 53226
414-302-9604
Will loan to businesses in most industries if a mortgage is provided as collateral. Terms vary on a case-by-case basis. No minimum or maximum loan limit.
Redi Funding
21975 W. Lochinvar Ln.
New Berlin 53146
262-679-8949
Rick Deleff, president
Redi Funding offers an asset-based lending program based on accounts receivable purchasing. Loans ranging from $5,000 to $2 million are available to businesses in all industries.
Sheffield Financial Corp.
10140 N. Port Washington Rd.
Mequon 53092
262-241-8890
Offers loans for the purchase of outdoor power equipment. Other criteria varies according to applicant.
Wisconsin Women’s
Business Initiative Corp.
2745 N. Dr. Martin Luther King Jr. Dr.
Milwaukee 53212
414-263-5450
www.wwbic.com
Types of financing: WWBIC micro loans; group lending; Jewish Foundation for Economic Opportunity; West Allis Small Business Development Program; SBA Pre-qualification loan programs
WWBIC micro loans: Loans can be used for expenses associated with starting or expanding a business, including machinery, equipment, furniture and fixtures, inventory, supplies and working capital. Loan proceeds cannot be used to purchase real estate or refinance existing debt. WWBIC can lend up to $35,000. Businesses located within the city of Milwaukee may qualify for larger loans. The interest rate is 13.5%. Rates in some geographic locations may be lower. Terms are from 12 months to 6 years. A non-refundable $50 charge to conduct a preliminary review. Loan contribution: A $200 contribution to cover the costs of providing services to the borrower. If the application is denied, $100 will be refunded.
Jewish Foundation for Economic Opportunity (JFEO): The JFEO’s mission is to support the development of successful minority businesses and foster relationships between the minority community and Milwaukee’s Jewish community. In order to provide minority business owners access to capital, JFEO has established a micro-loan and business assistance program. The maximum loan amount is $25,000. The loans are for minority-owned businesses located in the city of Milwaukee, that have been in operation for at least 2 years. Business-to-business enterprises are preferred. Loans can be used for expenses associated with starting or expanding a business, including machinery, equipment, furniture and fixtures, inventory, supplies and working capital. A non-refundable $50 charge to conduct a preliminary review. Loan Contribution: A $200 contribution to cover the costs of providing services to the borrower. If the application is denied, $100 will be refunded.
West Allis Small Business
Development Program: The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis. To qualify for such a loan, businesses located or with plans to locate in the city of West Allis. Successful applicants must agree to meet program income requirements. Loans can be used for expenses associated with starting or expanding a business, including machinery, equipment, furniture and fixtures, inventory, supplies and working capital. At closing, the borrower will be asked to reimburse charges such as filing fees, title reports and/or credit reports.
SBA Pre-qualification Loan Programs: The SBA Pre-qualification Loan Program was developed to promote the SBA’s business loan program to current and prospective women, minority, and veteran small business owners. It also provides specialized support and assistance with the agency’s loan-application process. This program uses nonprofit organizations as intermediaries to assist prospective borrowers in developing a viable loan-application package. That application can be submitted directly to the SBA for consideration of a loan pre-qualification. On approval, the intermediary (such as WWBIC) can assist the applicant in locating a competitive lender. The SBA Pre-qualification Loan program focuses primarily on the applicant’s character, credit and apparent ability to repay the loan from earnings. Loans under this program are limited to amounts of $250,000 or less.
Small Business Investment Corporations
(Licensed by U.S. Small Business Administration)
Banc One Stonehenge Capital Fund WI, LLC
Kent Velde, manager
3424 N. Shepard Ave.
Milwaukee 53211
414-906-1702
E-mail: kvelde@att.net
Capital Investments, Inc.
Steve Rippl, exec. vice president
1009 W Glen Oaks Lane, Suite 103
Mequon 53092
414-241-0303
E-mail:
dmayer@capitalinvestmentsinc.com
Investment range: preferred minimum: $500,000; preferred maximum $1,000,000
Type of capital provided: subordinated debt with warrants
Funding stage preference: expansion; later stage
Industry preference: manufacturing, value-added distributors
Firm’s focus: Private mezzanine venture capital fund which invests in private companies. Focus on growing companies in traditional industries with good management and ability to expand market share rapidly.
M & I Ventures, L.L.C.
John T. Byrnes, president
770 N. Water St.
Milwaukee 53202
414-765-7910
E-mail: worthober@masonwells.com
Investment range: $2 million to $3 million
Type of capital provided: fully invested
Wisconsin Business Development Finance Corp.
P.O. Box 2717
Madison 53701-2717
608-258-8830, 1-800-536-6799
Fax: 608-258-1664
WBDFC offers SBA 504 loans to qualified businesses with a net worth of less than $6 million and two-year average after-tax profits of less than $2 million. Loans range from $100,000 to $1 million.
