SBA loans

The following loan guarantees were approved by the US Small Business Administration during February:
AOK Investments, 3426 W. North Ave., Milwaukee 53208, $125,500, M&I Marshall & Ilsley Bank;
Build All Corp., 5203 W. Clinton Ave., Milwaukee 53223, $200,000, Park Bank;
Butch’s Automotive, 919 Williams St., Lake Geneva 53137, $12,000, First Banking Center;
Church Home Inspection Service, 204 S. Elmridge Ave., Brookfield 53005, $25,000, US Bank;
C-S Recknagel Construction, 12003 W. Brown Deer Rd., Milwaukee 53224, $65,000, Wells Fargo Bank;
Design Build Fire Protection, 1921 S. West Ave., Waukesha 53189, $191,000, Illinois Small Business Growth Corp.;
Engineering Label Products, 2615 N. Wauwatosa Ave., Wauwatosa 53213, $59,000, Wells Fargo Bank;
EZ Car Wash, 9102 S. 20th St., Oak Creek 53154, $75,600, Community Bank & Trust;
Harborside Common Grounds, 5159 Sixth Ave., Kenosha 53140, $25,000, Bank One;
Insul-Rite Systems, 3601 S. 92nd St., Milwaukee 53228, $25,000, US Bank;
Izumi’s Restaurant, 2178 N. Prospect Ave., Milwaukee 53202, $481,529, Delafield State Bank;
LLG Enterprises of SE Wisconsin, 2750 S. 14th St., Milwaukee 53204, $94,000, M&I Marshall & Ilsley Bank;
Mail Boxes Etc., 823 W. Moreland Blvd., Waukesha 53188, $150,000, Waukesha State Bank;
Market Square Restaurant, 1015 Hwy. NN, Mukwonago 53149, $219,000, Wisconsin Business Development Finance Corp.;
Milwaukee Lithographing Co., 5070 N. 35th St., Milwaukee 53209, $50,000, Capital One Federal Savings Bank;
Minelli Juice N’ Produce, 17000 W. Bluemound Rd., Brookfield 53005, $115,000, St. Francis Capital Corp.;
Moe’s Southwest Grill, 858 Laureate Dr., Pewaukee 53072, $235,000, Waukesha State Bank;
Prairie Stone Garden Center, 8504 Hwy. 60, Cedarburg 53012, $259,000, Wisconsin Business Development Finance Corp.;
Precision Metals and Hardware, 5625 N. 124th St., Milwaukee 53225, $175,000, M&I Marshall & Ilsley Bank;
Sleep Inn, Motel Road, Sheboygan 53081, $1,149,000, Wisconsin Business Development Finance Corp.;
Kurt Weber, W331 N9297 W. Shore Dr., Hartland 53029, $64,000, M&I Marshall & Ilsley Bank;
Ziaja Machining Corp., 105 Clark St., Sheboygan Falls 53085, $80,000, Community Bank & Trust.
State grants
Southeastern Wisconsin companies will share in Wisconsin Development Fund awards made at the Wisconsin Development Finance Board meeting on March 5.
Absolute Custom Extrusions, Milwaukee, $31,616 Customized Labor Training (CLT) grant — Absolute Custom Extrusions is a thermal-plastics extrusion house that manufactures custom profiles, tubing and wire coatings. The company is seeking ISO 9001/2000 Certification. The CLT funds will be used to train 12 existing employees and three new employees and will leverage $31,616 in additional private investment.
Elwood Corp., Oak Creek and Racine, $ 37,039 CLT grant – Elwood Corp. provides electronics design and consulting services and manufactures hydraulic valves and electronic products used in remote data acquisition. To meet customer requirements, Elwood is seeking ISO 9001/2000 Certification. The CLT funds will be used to train 69 existing employees and will leverage $37,039 in additional private investment.
Great Lakes Friction Products, Brown Deer, $17,781 CLT grant – Great Lakes Friction Products supplies friction components of brake and clutch assemblies to original-equipment manufacturers. The company is seeking ISO 9001/2000 Certification. The CLT funds will be used to train 12 existing employees and will leverage $17,782 in additional private investment.
Gruber Tool & Die, West Bend, $56,247 CLT grant – Gruber Tool & Die designs and builds tools and produces metal stampings. To meet customer requirements, Gruber Tool & Die is seeking ISO 9000 Certification. The CLT funds will be used to train 65 existing employees and 15 new employees and will leverage $56,247 in additional private investment.
L.T. Hampel Corp., Germantown, $40,500 CLT grant – L.T. Hampel Corp. and its three divisions provide plastic molded shelters for the agricultural market, thermoformed parts to original equipment manufacturers, and plastic products for industry and distribution. L.T. Hampel Corp. is seeking ISO 9001/2000 Certification. The CLT funds will be used to train 94 existing employees and will leverage $40,552 in additional private investment.
MTE Corp., Menomonee Falls, $13,582 CLT grant – MTE produces custom ballasts, reactors, and various power quality devices used in conjunction with electronic equipment in the commercial and industrial markets. MTE is seeking ISO 9001/2000 Certification. The CLT funds will be used to train 62 existing employees and three new employees and will leverage $13,583 in additional private investment.
Prodesse, Waukesha, $250,000 Technology Development Loan (TDL) – Prodesse develops molecular diagnostic detection methods allowing for the simultaneous detection of multiple infectious disease agents. The TDL funds will be used by the company to commercialize its biotech product lines. The project will leverage $267,300 in additional private investment.
The Department of Commerce (COMMERCE) staffs the Wisconsin Development Fund. The independent Wisconsin Development Finance Board considers proposals and awards funds. For further information, contact Todd Kearney, Department of Commerce, 608-266-6675.
March 21, 2003 Small Business Times, Milwaukee