SBA Loans

The following loan guarantees have been approved by the U.S. Small Business Administration for southeastern Wisconsin during May:
Classic Lanes, 36903 W. Plank Road, Oconomowoc 53066, $872,000, Bank One;
Minuteman Press, 2120 E. Moreland Blvd., Waukesha 53186, $25,000, Bank One;
Craft ‘N Such, 101 N. Milwaukee St., Theresa 53091, $25,000, First National Bank;
Crane Service & Support, 613 E. Main St., Eagle 53119, $75,000, Waukesha State Bank;
Current Technology of Wisconsin, 1701/1704 Pearl St., Waukesha 53186, $144,000, M&I Marshall & Ilsley Bank;
Diplomat Motel, 1060 Wells Ave., Lake Geneva 53147, $267,000, Wisconsin Business Development Finance Corp.;
DJ’s Ceramic Studio & Gift Boutique, 770 S. Main St., Fond du Lac 54935, $40,000, American Bank of Fond du Lac;
ElToro Bravo, 1518/1524 W. Lincoln Ave., Milwaukee 53215, $67,500, Lincoln State Bank;
Express Personnel Services, 275 Regency Ct., Ste. 100, Brookfield 53045, $40,000, Waukesha State Bank;
Frabill, Inc., 536 Main St., Allenton 53002, $568,000, Wisconsin Business Development Finance Corp.;
General Nutrition Center, 1430 S. Main St., West Bend 53095, $110,000, Firstar Bank;
Gionell’s Pizza, 9000 76th St., Pleasant Prairie 53158, $100,000 M&I Bank;
Halloween Express, 152 W. Main St., Waukesha 53186, $50,000, Park Bank;
Hanson’s Landscaping, 1210 Sweetbriar Drive, Waukesha 53186, $183,000, Norwest Bank;
Herbert Auto Parts, 2011 63rd St., Kenosha 54143, $516,300, Stearns Bank;
In Tune Associates, 2727 N. 56th St., Milwaukee 53210, $30,000, Waukesha State Bank;
Learning Express, 10125 N. Port Washington Road, Mequon 53092, $300,000, AT&T Small Business Lending Corp.;
Lone Wolf Manufacturing, 3314 E. Grange Ave., Cudahy 53110, $150,000, Marine Bank & Savings;
Minuteman Press, 2120 E. Moreland Blvd., $68,000, Waukesha State Bank, and $76,600, Bank One;
Mukwonago Athletic Club, 727 Hwy. NN, Mukwonago, $650,000, Wisconsin Business Development Finance Corp.;
The Mulberry Bush, 7127 S. 76th St., Franklin 53132, $23,000, Bank One;
Muskego Firestone, 20420 Brookfield Drive, Brookfield 53045, $165,000, Wisconsin Business Development Finance Corp.;
Personal Performance Empowerment, 2018 Bobolink Ave., Grafton 53024, $30,000, Bank One;
4 Seasons Motel, W1970 S. Lawson Drive, South Byron 54941, Firstar Bank;
Jeffrey R. Sentkowski, 8021 W. Hampton Ave., Milwaukee 53218, $192,500, Norwest Bank;
Subway, 5861 S. Packard Ave., Cudahy 53110, $50,000, Waukesha State Bank;
Sun Seekers, N89 W16871 Appleton Ave., Menomonee Falls 53051, $10,000, M&I Bank of Menomonee Falls;
Swingcorder, 7 Linden Circle, Jefferson 53538, $30,000, Johnson Bank;
Tipo’s Bar & Restaurant, 2607 Superior Ave., Sheboygan 53081, $271,000, Community Bank;
Tom’s Quality Millwork, W4236 State Rd. 67, Campbellsport 53010, $1 million, State Bank of St. Cloud;
Turn One, 821 N. 8th St., Sheboygan 53081, $127,000, Community Bank;
White Swan Limousine Service, 303 E. Third St., Beaver Dam 53916, $12,000, Farmers State Bank;
Windsong Golf Club, S82 W26100 National Ave., Vernon 53201, $1 million, Wisconsin Business Development Finance Corp.
Recycling funds
Eight projects, including three in southeastern Wisconsin, will share $665,400 in Recycling Market Development funds, awarded by the Recycling Market Development Board.
The following summarizes the successful proposals in southeastern Wisconsin:
Advance Cast Stone, Random Lake, $125,000 recycling loan. This manufacturer of precast concrete products, primarily architectural panels, serves construction firms throughout Wisconsin, Illinois and the Midwest. It seeks to expand its production capacity to utilize utility generated fly ash as a component in its precast concrete products, along with bottom ash and foundry sand. The project could divert up to 350 tons per year of fly ash from landfills, in addition to smaller quantities of bottom ash and foundry sand. The company will use its loan to purchase equipment. The project will leverage $125,000 in additional investment and commercialize research taken by UW-Milwaukee.
Wisconsin Cast Metals Association, Milwaukee, $15,000 recycling early planning grant. This not-for-profit trade association represents foundries that produce about 85 percent of the metal castings made in Wisconsin. As of 1996, foundries in Waukesha and Milwaukee Counties were annually landfilling about 250,000 tons of byproducts. The association will use its grant to study the feasibility of co-processing byproducts form multiple foundries. Experience in other states has shown that centralized co-processing can provide viable market access for small foundries, enhance quality control and environmental management, and generate effective marketing efforts. The project will leverage $9,000 in additional investment.
Wastecap Wisconsin, Milwaukee, $25,000 market development education grant. This industry-supported organization provides waste reduction and recycling assistance through business-to-business peer exchange. This grant will allow WasteCap to work with businesses to reduce food waste and develop new markets for the material. Three businesses that generate food waste will be involved in a pilot project to evaluate new methods of handling and processing food waste. A publication targeted to the grocery and hospitality industries will be developed and will include information derived from the pilot study as well as incorporate information on existing food waste recovery programs.
Minority Loans
Westside Healthcare Association of Milwaukee will receive a $100,000 loan from the state’s Minority Business Development Fund. “This start-up firm will develop a community health center to treat patients in medically underserved areas of Milwaukee, ” said Gov. Tommy Thompson. The project will create 45 jobs over the next two years and leverage $1,149, 957 in additional investment.