Financial Resources

RestoreMore Establishes a Permanent Home in the City of Racine with SBA 504 Financing

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.

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City of Racine Downtown Grant Program

This downtown Racine grant program has a finite amount of funding, so to maximize the positive impact of the grant program and the revitalization of downtown Racine, eligible applicants will be prioritized based on industry, with retail and restaurants having the highest priority.

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Community Loan Funded for Anchor & Ale

CSAL Developers, LLC has acquired the Tichigan Lakes Hilltop Pub and Eatery in the Town of Waterford and will reestablish the longtime restaurant as Anchor & Ale. Led by Chad Schmidt and Andrew Luebke, the project introduces a new operating entity that will lease the property and restore the nearly 70-year-old establishment to its roots as a family-friendly, supper club-style destination. The revitalized restaurant will feature a full dinner menu, cocktails, and a welcoming atmosphere designed to reconnect with the community and rebuild its customer base. The project was supported through a partnership between RCEDC and Community State Bank, utilizing a Community Loan to advance the turnaround and long-term success of the property.

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Community Loan Funded for Distinctive Woodwork Racine

Distinctive Woodwork, a custom woodworking and restoration company that has served Racine for more than 30 years, is entering a new chapter under the ownership of Marine Corps veteran Joshua Ziev. Known for its custom cabinetry, architectural millwork, display cases, and restoration projects, the business will continue its legacy while transitioning to Distinctive Woodwork Racine, LLC. This project was made possible through a partnership between RCEDC and Town Bank, working with Josh Sopczak, Senior VP of Business Banking, to secure a Community Loan that supported the acquisition and future growth of the company.

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Community Loan Funded for Modern Aesthetics Skincare

Modern Aesthetics Skincare is a Waterford-based medical skincare clinic owned by licensed clinical esthetician Cala Newholm. To expand its service offerings and stay at the forefront of aesthetic treatments, the business purchased a BBL HEROic device, an advanced system for skin rejuvenation and laser treatments. RCEDC helped support this growth by securing a Community Loan, enabling Modern Aesthetics to continue providing high-quality skincare services to local clients.

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Community Loan Funded for Hyperion Holdings

Hyperion Holdings Inc. has purchased an industrial building at 1800 Clark St. and 1825 Holborn St. in Racine to establish its first brick-and-mortar headquarters. Founded in 2022 by Sam Wahlen and Garrin Horwitz, the Sturtevant-based firm provides full-service residential property management, brokerage, and construction support for single-family and small multifamily investors across southeastern Wisconsin, using a technology-driven platform to streamline operations and reduce costs. The project was supported through a partnership between RCEDC and Advia Credit Union, which helped secure a Community Loan for the expansion.

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EVENT: QuickBooks Training Series, Session 3: Balance It Out

Join CLA for the third session of the QuickBooks Training Series, presented by RCEDC and RAMAC, and keep your books accurate while making your financial reports meaningful. This hands-on workshop for business owners, bookkeepers, and finance professionals will cover reconciling accounts, fixing discrepancies, and understanding key reports like the Profit & Loss, Balance Sheet, and Cash Flow Statement. You’ll also practice customizing, exporting, and using reports to make smarter business decisions with interactive exercises such as reconciling a sample bank statement and generating key reports.

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EVENT: Mastering Sales to Start and Grow Your Business

Get confident with your day-to-day bookkeeping. Join CLA for the second session of our QuickBooks Online Training Series, presented by RCEDC and RAMAC, on January 22, 2026, 5–6:30 PM at Gateway Technical College’s SC Johnson iMET Center auditorium. This session covers managing customers and vendors, invoicing, payments, bills, and bank feeds, with hands-on practice in entering and matching transactions.

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