The RCEDC finance team, Business Lending Partners (BLP), in partnership with Community State Bank, assembled an unprecedented lineup of entrepreneurs, small business owners, and financial professionals to deliver powerful insights on how to create, sustain, and grow a business using local resources.
RCEDC staff recently attended a workshop hosted by the Latino Chamber of Commerce of Southeast Wisconsin at the Rooster’s Family Restaurant in Racine. The Latino Chamber of SEW aims to advocate, strengthen, and promote the growth and development of Latino and other minority emerging enterprises.
In this edition of the Quarterly BLP Newsletter, we celebrate the projects completed, the investments made, and the money invested throughout Wisconsin’s small business community
RCEDC and its finance team, Business Lending Partners (BLP), in partnership with Fox Communities Credit Union, has assembled an unparalleled lineup of industry experts, self-made entrepreneurs, and business leaders to deliver an event tailored to business owners, the commercial lending community and real estate professionals. Food included.
Join RCEDC as we host this food and business networking event, where local business owners share their stories about how they navigated the path to success.
Planning to start and grow your business is difficult. Understanding how to access and navigate the resources needed to succeed can be daunting. Don’t do it alone! Join RCEDC as we host this business networking event, where local business owners share their stories about how they navigated the path to success. The event is limited to 50 people.
In this edition of the Quarterly BLP Newsletter, updates are now available for the new SBA Loan refinance opportunities for existing SBA Loans, a new City of Racine Road Construction Loan Program is promoted for businesses affected by road construction, and to meet the demand of loan applications and closings, BLP is looking to hire a new Loan Closer and Credit Analyst.
RCEDC’s most recent Zero Loan Program recipients, Terri and Michael Bannon, owners of Razor Sharp Fitness, used the funds to purchase new fitness equipment, which they anticipate will increase memberships and alleviate the effects from the pandemic.
This event will highlight available financial programs for City of Racine business owners.
According to a BLP report, the financial team saw an increase of 200% in total projects and a 110% increase in total project investment. The majority of projects that BLP assisted with in 2020 were real estate, restaurants and manufacturing.