Issue link: http://www.insightdigital.biz/i/96377
Financing businesses The Best Service Requires Experts T he Small Business Administration (SBA) provides funding to small- and mediumsized businesses through two programs: 7-A loans and the 504 program. From the SBA website: » 7-A loans can be used to purchase land or buildings; costs related to new construction; purchase of machines, supplies and materials; provide long-term working capital; provide short-term working capital needs; and purchase an existing business. » The 504 loan program provides small businesses with long-term, fixed-rated financing used to acquire fixed assets for business expansion or modernization. The 504 loans are made available through certified development companies. In Wisconsin, First Bank Financial Centre of Oconomowoc is the top provider of 7-A loans so far in 2012, making 169 loans worth $62,588,300. Other top loan providers include Community Bank & Trust of Sheboygan with 74 loans worth $41,135,800; Ridgestone Bank of Brookfield with 25 loans worth $22,890,000; Associated Bank of Green Bay with 176 loans worth $22,141,000; and U.S. Bank with 65 loans worth $17,830,000. The Wisconsin Economic Development Corp. was the top provider of 504 loans with 302 loans worth $228 million. Great Lakes Asset Corp. of Green Bay was second with 12 loans worth $11 million. For more on SBA programs in Wisconsin, visit www.sba.gov/about-officescontent/2/3158. compared to 2011. I don't know if fewer people are planning business expansions or starting a business up or if there was just a lot of pent-up demand that led to the higher 2011 numbers," he says. Sheffler agrees many business owners are taking a wait-and-see approach right now. "The general economic conditions are keeping some businesses on the sidelines and I also think many are waiting to see how things unfold after the elections and how that will impact business costs," he says. w w w. i n s i g h t o n b u s i n e s s . c o m Ahern has over 100 certified/ licensed service technicians. 70% have more than 10 years of industry experience. 800.532.4376 | www.jfahern.com Commercial Construction For a professional look... DeLeers Delivers DeLeers construction delivers commercial building results that pass expectations on craftsmanship, quality of materials, deadlines and budgets. That leads to solid design/build relationships. Need property management options after the build? DeLeers delivers that too! Serving all of Wisconsin – Headquartered in De Pere. DeLeers Delivers 1825 Nimitz Road, Suite A | De Pere, WI 54115 P 920.347.5830 deleers.com D e c e m b e r 2 012 • Insight | 33