RestoreMore Establishes a Permanent Home in the City of Racine with SBA 504 Financing
RCEDC helped connect RestoreMore with financing that supported its expansion, investment, and long-term success in the City of Racine.
City of Racine, WI – Since 2015, RestoreMore, Inc. has provided homeowners and businesses throughout Southeastern Wisconsin with dependable restoration services following fire, water, and mold damage. Founded by Steve Schiele, the company offers 24/7 emergency response along with a comprehensive range of restoration solutions, including fire and smoke damage repair, water damage restoration, mold remediation, and professional cleaning services.
As demand for its services continued to grow, RestoreMore invested in a permanent facility in the City of Racine by purchasing and renovating an existing building. The expansion established a long-term home for the company while positioning it for continued growth and service throughout the region.
To help make the project possible, RCEDC partnered with Barry Fries, Vice President of Commercial Banking at Johnson Financial Group, to secure SBA 504 financing. Through the partnership, Johnson Financial Group provided 50% of the project financing, while RCEDC funded 40% through the SBA 504 loan program. The financing structure allowed RestoreMore to complete the purchase and renovation with just a 10% down payment while securing long-term, fixed-rate financing.
This project demonstrates how strategic financing partnerships can help Racine County businesses invest in their future. By leveraging the SBA 504 loan program, RCEDC and Johnson Financial Group helped RestoreMore secure the capital needed to expand its operations and strengthen its long-term presence in the community.