The following loan guarantees have been approved by the U.S. Small Business Administration during November.
Affiliated Medical Resources, N168 W21700 Main St., #343, Jackson 53037, $20,000, Grafton State Bank.
America’s Bakery, 2202 E. Moreland Blvd., Waukesha 53186, $1,090,000, Allied Capital SBLC Corp.
Autumn Winds of Oakland, Airport Road, Jefferson 53523, $179,000, Wisconsin Business Development Finance Corp.
Bhupinder S. Bopairai, 105 E. Hilltop Trail, Fort Atkinson 53538, $318,000, Associated Bank South Central.
Canine Campus, 38322 Delafield Rd., Oconomowoc 53066, $291,000, First Bank of Oconomowoc.
Cardinal Ridge Supper Club, W9298 U.S. Hwy. 18, Cambridge 53523, $260,000, Cambridge State Bank.
HMR Welding, 795 Armstrong Rd., Campbellsport 53010, $15,000, Hometown Bancorp.
Carri-Jo, 1300 Capitol Dr., Ste. C, Pewaukee 53072, $95,000, Waukesha State Bank.
Come Learn With Me, 7712 W. National Ave., West Allis 53214, $53,900, M&I Marshall & Ilsley Bank.
Elite Engines, 922 Carney Ct., West Bend 53095, $269,000, Wisconsin Business Development Finance Corp.
James F. Dusenberry, OD, 117 W. Lake St., Lake Mills 53551, $140,000, The Greenwoods State Bank.
Just a Dollar, 6131 W. Lincoln Creek Dr., Milwaukee 53218, $72,000, M&I Marshall & Ilsley Bank.
Libby Montana, 5616 W. Donges Bay Rd., Mequon 53092, $900,000, Heller First Capital Corp.
Merlin’s Muffler, 5235 S. 27th St., Milwaukee 53215, $170,000, Newcourt Small Business Lending Corp.
One Stop West Allis Food Store, 5909 W. Lincoln Ave., West Allis 53219, $418,500, Wells Fargo Bank.
Panektek, 44 Zellar Court, Ste. A, Fond du Lac 54935, $100,000, Associated Bank Lakeshore.
Potter’s Optical, 555 Bayview Rd., Mukwonago 53149, $62,000, Citizens Bank of Mukwonago.
Premier Fitness, 2133 Eastern Ave., Plymouth 53073, $145,340, Community Bank & Trust.
Pro Motorsports of Fond du Lac, 727 Northwest Way, Fond du Lac 54937, $1 million, Associated Bank Lakeshore.
Quizno’s Bluemound, 19030 W. Bluemound Rd., Brookfield 53005, $150,000, Community Bank & Trust;
Robert J. and Beverly R. Gross, 1725 S. Johnson Rd., New Berlin 53146, $147,000, Wisconsin Business Development Finance Corp.
Statewide Fencing, 8310 Industrial Dr., Caledonia 53401, $180,000, Stearns Bank.
Took Craft, 1213 N. 11th St., Sheboygan 53081, $130,500, Community Bank & Trust.
Woodworks Manufacturing, 605 Devils Ln., Walworth 53184, $20,000 and $127,300, Bank One.
State loans
Two minority-owned businesses in Milwaukee have received loans from the Minority Business Development Fund through the state Department of Commerce.
The following summarizes the successful proposals:
Square One, Inc., $30,000 loan – This business will operate as a Cousins Submarine Shop. It will be the first Cousins shop in Wisconsin to be owned by African-Americans. The shop will be located on a high-traffic area of Fond du Lac Avenue near established businesses. The business will use its loan for working capital. The project will create ten jobs and leverage $254,000 in additional investment.
Transfernet USA/Mex, Inc., $22,900 loan – This company provides wire transfer transactions for individuals and businesses to financial institutions primarily in Mexico. It is expanding and modernizing is headquarters, including its computer system. The company will use its loan for equipment and related expenses. The project will create 23 jobs and leverage $75,200 in additional investment.
The Minority Business Development Fund can provide loans for business start-ups, expansions, and acquisitions and grants for feasibility studies and business plans. For further information about minority business development programs, contact Oscar Herrera, the Department of Commerce at 608-266-8380.
Leases
Irgens Development Partners of Wauwatosa has leased office space in Wood Lake III to Newark Electronics. Wood Lake III, developed by Irgens Development Partners, has more than 71,000 square feet of space and is located in the Milwaukee County Research Park in Wauwatosa. Newark Electronics will be leasing 4,100 square feet of space. Wood Lake III is the fourth building completed by Irgens in the Research Park; its fifth building is under construction. Newark Electronics is the largest small-order, high-service distributor of electronic components in North America, stocking more than 150,000 electronic parts from hundreds of manufacturers. Newark Electronics is part of Premier Farnell, which is quoted on the New York and London stock exchanges and is a global distributor of electronic and industrial components.
The Meyer Company has leased the 14,640-square-foot industrial building located at 918 Schoenhaar Dr., West Bend, from Shane Ventures, LLC. David Buckley, a broker with the James T. Barry Co., Milwaukee, brokered the transaction. The tenant intends to use the building for its expanding business while Buckley markets its former 5,600-square-foot industrial building for sale. The landlord plans to lease the remaining 17,500 square feet.
G&G Enterprises of Wisconsin, Inc., has leased the 12,000-square-foot industrial building at 904 Schoenhaar Dr. in West Bend from Shane Ventures. The James T. Barry Co.’s Buckley also brokered this deal. The tenant intends to establish a larger facility in West Bend for its Handi Care Transportation and Community Connections taxi-type service. The James T. Barry Co. is selling the three-building complex, that is now net-leased, for $1,060,000.
National Bond & Trust Co. has leased 1,100 square feet of space in Park Plaza, 15850 W. Bluemound Rd., Brookfield, according to Towne Realty of Milwaukee. The company, established in 1976, assists other firms in developing payroll deduction programs for employees to purchase U.S. Savings Bonds. It has offices around the country.
Towne Realty also announced that MC2 has leased 2,300 square feet of space in the 633 Building at 633 W. Wisconsin Ave. in Milwaukee. The company is a mobile workforce communications consulting firm. It also offers Nextel and Nextel Partners wireless communications services.
Ameritech Advanced Data Services of Wisconsin, Inc., has leased 2,534 square feet of space at 9622 S. Franklin Dr. in Franklin, according to NAI MLG Commercial of Brookfield. NAI MLG’s John Henderson represented the lessor, Rudolph Raab of Raab/MLGD. David Ames of Equis Corp. represented Ameritech Advanced Data Services of Wisconsin. NAI MLG Commercial has also announced that Save-A-Lot food store has leased 16,000 square feet of space in the Mill Road Shopping Center at 76th Street at Mill Road in Milwaukee. NAI MLG’s Denis Severinsen represented Jerry’s Enterprises of Edina, Minn., d/b/a Save-A-Lot.
Jesse Arndt, d/b/a The Sign Shop, has leased 3,750 square feet of space at 702 Rose Dr. in Hartland from Real Estate Specialists, according to leasing brokers John Czarnecki and Daniel Genzel of Wangard Partners, Wauwatosa. Wangard also announced that Engel & Engel have leased 2,227 square feet of space at 740 Pilgrim Parkway in Elm Grove. James D. and Patricia A. Williams were the lessors while Daniel Jessup of Wangard Partners was the leasing broker.
American Cable & Harness has leased 9,600 square feet of space at 16255-16351 W. Lincoln Ave. in New Berlin from The Guardian Life Insurance Co. Marc E. Schmidt and Matt Quest of Wangard Partners were the leasing brokers.
