order levitra 60 pills celebrex 100mg capsules propecia india 0.25mg prednisone 60 mg pack clomid generic 50mg celebrex skin disorders metformin 500 mg sale green viagra 3800 mg propranolol bula generico 25mg viagra experiences lisinopril 100 mg sandoz buy unprescribed clomid viagra plus 100 mg. illegal order viagra tab cialis 10mg generic cialis dapoxetine generic synthroid bad cialis 5mg instead prednisone 15 mg daily levitra 20 mg billiger propranolol 10 mg alcohol cialis bt 200mg just 2 mg cialis synthroid o.1 mg cipro antibiyotik 1000 mg philippines generic viagra generic levitra coupons 400 mg doxycycline lyme abbott generic synthroid cialis 10 mg beipackzettel propecia 5mg prices lexapro tablets 5mg danger generic viagra cialis 20 mg cut 20 mg prednisone cytotec en generico buy cheap viagra prednisone 3mg buy xenical meridia generic lexapro cipralex strattera lilly 3228 25 mg viagra cheapest prices kamagra malaysia 100mg nexium tablets 20 mg cipro 750 mg bid valtrex online pharmacy cheap zovirax online viagra pfizer 150 mg 200mg generic cialis kegunaan cytotec 400 mg buy doxycycline vibramycin buying generic valtrex valtrex 500mg tabs female cialis 20mg glucophage 1000mg merck bali buyn cialis cheap propecia online lasix 500 mg equivalent cialis 20mg vente doxycycline buying online lexapro 20 mg forum generic viagra rxmeds 50 mg phenergan iv cialis 200 mg price euro generic viagra viagra price cheapest cheap prednisone 10mg kamagra gold 100 mg beli cialis 10mg 25 mg clomid cialis 20 mg bijwerkingen 5mg prednisone dosage levitra mg 5 online cheap viagra cialis 4o mg buy levitra pharmacy buy cheap clomid lexapro anxiety 5mg cheapest zoloft online levitra buy line generic brand viagra viagra shop online cipro 500 mg bula 5 mg prednisone pill generic cialis softtabs medicamento xenical 120mg viagra 100 mg lasts sintofarm propranolol 10 mg walmart cialis 5mg prednisone 60mg sidefects nexium plicuri 10 mg taking 50mg zoloft generic viagra 16 order zithromax cialis 10 mg contrassegno cialis 10mg fta buy bactrim medicine metformin 1700 mg doxycycline 100mg mrsa best levitra online generic viagra uk. generic lexapro rash generic cialis sweet levitra 20 mg instructions cheap cialis prescriptions speedy viagra cheap propecia generic same synthroid 0 075mg dosierung celebrex 200mg viagra 100mg prices cialis generic hrvatska bactrim ds mgs soft kamagra online cipro 500mg uses buy clomid 100mg cytotec 200mg sterilet cialis brasilia buy cialis 20mg testberichte online viagra uk kamagra online viagra 800 mg manfaatnya strattera dosage 60 mg generic cvs viagra nexium 20 mg bula glucophage hcl 500 mg buy clomid 50 canada levitra 2,5 mg drug generic wellbutrin precio augmentin 875 mg amoxil 250 mg uses lisinopril 20 mg medication buy cheap viagra 32 strattera 80 mg mexico lexapro online buy 12 mg zoloft buy chewable doxycycline viagra buy viagra generic viagra a doxycycline online canada steroids online viagra professional cialis online doxycycline 50 mg tabs generico viagra yahoo nolvadex 10 mg day augmentin 375 mg tabletki generic viagra 2012 generic wellbutrin pharmacy viagra online med buy cialis edmonton propecia online usa 6800 mg of viagra wellbutrin generic study effetto cialis 10 mg amoxil 500mg tailand administrare augmentin 625mg buy 10 mg cialis nombre generico nexium buy cialis online augmentin 875 mg administrare kamagra 5mg lek lisinopril generic 3761 augmentin 1000 mg cost china cialis cheap celebrex 200 mg infarmed prednisone 05 mg bbb viagra online viagra cialis50 mg legit clomid online cialis dosis 5 mg lexapro 20 mg ndc ic lisinopril 2.5 mg kamagra online paypal 20 clomid cheap online zithromax 300mg buy clomid za 100 diflucan mg cheap 40mg cialis online medications viagra 25 mg di zoloft cialis 5 mg diario lexapro mg dosage viagra 50 mg coupon doxycycline sleep disorders glucophage 500mg free 20mg cialis lasix 5 mg online cialis tadalafila 20 mg buy viagra oklahoma generic lexapro difference cheap nolvadex online diflucan da 150 mg viagra montreal buy valtrex and generic 100 mg soft viagra meloxicam generic celebrex zithromax 500mg pills prednisone 10mg pack cialis 20mg geberic. legitimate generic viagra red viagra 50mg cheapest 150mg. viagra omeprazole 40 mg nexium took 2 cialis 20mg viagra online inghilterra viagra 100 mg etkileri viagra femminile online 360 generic propecia 5mg generic cialis nederland generic zoloft nausea 200 mgs. viagra viagra 100mg special doxycycline 100 mg cytotec online canada 20 mg levitra augmentin gsk 625mg viagra generico 24 ore generic dari xenical 3000 mg wellbutrin preis viagra 100mg problems generic nexium clomid pct order viagra cheap 20mg augmentin 500 mg adulte levitra online without generic levitra cipla nexium esomeprazole generic efeitos viagra 100mg buy doxycycline cvs cialis 5 mg effect prednisone 20 mg shingles nexium 40 mg packets viagra de 15 mg doxycycline 100mg directions cialis 5 mg chile generic to lexapro propecia 5mg generic prices cialis 10mg zoloft 400 mg ocd valtrex 500 mg dosage order Cialis 90 120 mg lexapro withdrawal celebrex 200 mg drowsy viagra prices online levitra 20 mg 2 tablet nexium 10 mg dosis buy dapoxetine hk clomid pills buy jual cialis 5mg lisinopril 40 mg lupi 25mg of cialis synthroid dosage 0.075mg lisinopril tablets 20 mg cap doxycycline 100mg purchase cialis 50mg viagra online echeck viagra online kop cheap bulk viagra cialis 5 mg suficiente female viagra 100mg 40 mg levitra professional ebay xenical buy cialis 20 mg canadian strattera 18mg ndc levitra buy montenegro kasiat nexium 20 mg cialis online seguro buy deltasone prednisolone nexium generic replacement cheap cialis 20mg order viagra samples original levitra 20 mg cialis 5mg usage 1000 mg cipro gonorrhea viagra egypt online buy viagra thailande cialis 5 mg treatment lisinopril 2.5 mg works online apotheken viagra diflucan online shopping buying viagra uae 750 mg of cipro xenical uk buy viagra online legal valtrex 1000 mg 21 tablets viagra 100mg costco cheap lasix online nexium ec 40 mg strattera 40 mg efectos forum cialis 20mg glucophage 5oo mg kamagra online worldwide viagra 100mg tablets 4 double viagra 100mg generic viagra 26 cialis cialis tadalafil 500mg cheap cialis bangkok clomid online illegal buying xenical online valtrex generic cvs generic wellbutrin depression cytotec generico precio generic viagra generic celebrex cobix diflucan 150 mg compresse zovirax 5 cream generic forum viagra 100mg viagra cheap com buy diflucan capsules generic levitra pharmacy zithromax 1500 mg prednisone online overnight glucophage 500 mg precio tetracycline 250 mg uses taking 200 mg zoloft cheapest legal viagra cialis 20 mg gebrauchsanweisung cialis 20 mghs 10 mg propecia zoloft 50 mg pris Online Generic Levitra cialis apcalis 20 mg buspar 5 mg bula synthroid mood disorders celebrex pfizer 200 mg nexium 50mg buy viagra virginia 25 mg viagra online buy priligy uk cost 30 5mg cialis cialis 20mg orange kamagra 100mg hap buy viagra glasgow doxycycline 100mg n10 viagra sells online indian viagra generic cheapest kamagra paypal cialis online holland take 1000 mg valtrex viagra cena 100mg lexapro 5 mg enough nexium generic teva augmentin 625 mg preis gen 150 mg viagra cialis 5 mg cmi doxycycline availability mg 500 zoloft 50 mg beipackzettel viagra 150mg srilanka nexium 40 mg muadilleri viagra y sordera cheap kamagra viagra cipro siprofloksasin 500 mg nexium 10 mg otc nolvadex 20 mg ed viagra professional cheapest buy viagra 600mg jual viagra 50mg viagra buyers usa cialis 20mg nedir viagra generic nl doxycycline 150mg cialis ingrients 30 mg celebrex online india buy kamagra forum cialis 20mg einnahme viagra pesni online viagra kaufen 25 mg erythromycin eth 400 mg wellbutrin 300 mg fiyati lasix 40 mg prospecto cialis ranbaxy buy nexium mups mg 40 uk cialis online 2 cialis 20 mg clomid 200mg jour cheap lisinopril hydrochlorothiazide metformin costs generic cialis buy generic lasix 400mg levitra 10 mg orosolubile lasix 40 mg potassium levitra generic safe doxycycline 100 mg treatment prednisone 75mg viagra generic usa 500mg of tetracycline medicamento xenical generico viagra online orders price lexapro 10 mg prednisone 40 mg pregnant lexapro generic manufacturer cialis generic 40mg. buy viagra strips 40 mg prednisone usage lisinopril 10 mg hctz zoloft 225mg prednisone 25 mg compresse clomid 50mg 2011 lisinopril accord 20 mg prednisone 5 mg 21 pack 100mg zoloft overdose augmentin dosage mg prednisone 50 mg tab prednisone 20mg pills buy strattera 60 mg farmaci generici zovirax lisinopril generic diflucan order canada buy levitra cheao diflucan 150 mg generico kamagra thailand online buy clomid fertility xenical 120 mg x 252 .99 zoloft 100mg nebenwirkungen phenergan 12.5mg im rosacea zithromax 500mg is 40 mg cialis levitra online buy viagra 4cpr 25mg metformin tablet 500mg propecia 1mg dosage pret diflucan 200 mg propranolol 10mg forum generic lexapro effectiveness 200 mg wellbutrin xl cheap real clomid zovirax generic drug viagra 100mg facts buy real lexapro 1750 mg of augmentin metformin 500mg bloating super kamagra 100mg cialis online reliable cheapest price viagra lisinopril ivax 10mg propecia online 5mg augmentin 875 mg generic medicine nexium 40 mg cytotec pfizer 200 mg 100mg viagra walmart india cialis buy genuine cialis 20mg viagra vendita online buy kamagra 100mg buying dapoxetine hydrochloride hydrochlorothiazide 6 mg ervaring generic cialis generico cipro xr 1000 bactrim forte 500mg generic viagra manufactures lexapro cipralex generic valtrex generic dose generic viagra 100mg levitra 10 mg caratteristiche taking 2 10 mg cialis wellbutrin vs generics buy 1000 viagra levitra pill generic priligy buy uk buy xenical au buy clomid au doxycycline 100mg prices metformina 850mg clomid zovirax buy uk zovirax online australia ucuz cialis 5 mg pfizer 100mg viagra buy nexium taiwan lisinopril generic approval viagra online natural clomid prescriptions online order Cialis 30 Tabs quitting zoloft 50mg online cialis pharmacy viagra online billig cialis 200mg black propranolol 40mg ansiedade buying cialis australia generic lisinopril hydrochlorothiazide doxycycline monohydrate 75 mg zoloft 100 mg overdose ordering zithromax online nolvadex buy usa viagra bangalore buy diflucan dosage mg order cialis nz cialis 120 mg nolvadex gyno buy levitra online coupon cialis generic australia 500mg metformin pcos walmart levitra 20mg 25 mg cialis kamagra effervescente 100 mg buspar 600 mg overdose zithromax 500mg italy bactrim 800 buy 60 mg of prednisone lasix iv backorder lisinopril generic 10 mg
Share this page on facebook
Revolving loans keep stirring economy PDF Print E-mail
News
Written by MARK JAEGER   
Wednesday, 29 February 2012 15:38

County, local programs supply flow of cash during challenging financial times


From the perspective of Kathleen Cady Schilling, executive director of Ozaukee Economic Development, the revolving loan programs offered through the county and a host of local communities could be characterized as perpetual development machines.

“The revolving loan (RLF) programs start with federal grants that have been loaned and repaid at least once, in some cases several times since the program began,” Cady Schilling said.

“Whenever you are talking about business loans, there is always the risk of default, but the success rate is very high.”

Since 2009, which Cady Schilling said  roughly marked the beginning of the nation’s economic downturn, local revolving-loan programs have provided financial assistance to 17 businesses.

Those loans created 155 new jobs and helped retain 250 others, she said.

RLFs have been used to give large and small businesses infusions of capital, which have proven especially beneficial during this time of tight money in the private financial sector.

Cady Schilling said last year alone she met with officials from 81 businesses to explain what loan programs are available.

In addition to the county’s loan program, she said, she works with the cities of Port Washington, Cedarburg and Mequon, and the villages of Grafton and Saukville on their local development funds.

“Due to the economic crisis and credit crunch, there has been significant activity and meetings regarding the RLF program. However, many of the projects have stalled or failed to move forward,” Cady Schilling said.

The requirement to provide matching financing and other program restrictions convince some business owners the program is not for them.

Still, there have been a number of successful loan matches during the past year, she said.

They include:

A $340,000 Village of Grafton loan made in conjunction with a $385,000 state loan that permitted local management to purchase the manufacturing company SKF, which has
been renamed Gilman USA.

Another collaborative loan involving county and state programs provided $240,000 in working capital for Advanced Manufacturing Technologies, also in Grafton.

A $150,000 loan was approved through the City of Mequon that was used by new management to purchase MSI Data, keeping the company from relocating to Milwaukee.

Another $150,000 Mequon loan was approved to help pay for the construction of a new headquarters for Spectrum Investments.

That list does not include a $1.5 million state working capital loan that was approved for Allen Edmonds Shoe Co. in Port Washington. Company officials touted the expansion, which is expected to bring more than 200 jobs to the county.

Cady Schilling said the availability of local loan programs has proven especially beneficial for smaller companies that stand little chance of qualifying for state loan programs.

“I think of a business like Messina restaurant in Saukville, which received a local  loan from the village for kitchen equipment,” she said.

“The state would never have considered a working-capital loan for them because they are so small, but at the local level we were aware of how much they mean to the community and what they bring to the county, so the loan was approved.”

Randy Tetzlaff, Port Washington’s director of planning and development, said the ability to tailor loans to community needs is what makes the city’s program successful.

Teztlaff said the city’s loan program has helped keep jobs in the community, whether in the manufacturing sector or as part of downtown redevelopment.

Port loans have gone to such companies as Custom Wire Technologies, Modern Equipment and Prism Manufacturing Group, as well as such downtown interests as Franklin Energy, which occupies the second floor of the former Smith Bros. restaurant, and Blue Heron Artisans Gallery, which is moving into the former firehouse.

Like Cady Schilling, Tetzlaff attributes the high interest in the loan program to the challenges of securing commercial loans.

“There is definitely more interest today. When we started our program in 2001, we had a surplus in the fund because money was readily available in the private market,” he said.

“We took some steps to make the terms of our loan program more attractive to borrowers and the financial sector has undergone changes, and now I fear we are in danger of running out of funding. Money keeps coming back into the program, so it is hard to say how much is available for loans, but I would guess it is around $100,000.”

Tetzlaff said some loans have been made to businesses that eventually failed, such as Kasha’s Cafe and Dairy Queen, but recovered collateral made up for those losses.

The former owners of the Country Inn & Suites also defaulted on a revolving loan, but Tetzlaff said a decade of room tax collections and the wages of the people who worked there more than made up for the money lost.

“The rule of thumb for our loans is one new job for each $20,000 we lend,” he said.

For the county loan program, money is currently being lent at interest rates as low as one-half of the prime rate — which Cady Schilling said puts the lowest interest rate at 1.7%. At the highest, the county assesses a fixed interest rate based on the prime rate, which is currently at 3.7%.

Cady Schilling said her office serves as a clearinghouse for all of the RLF programs in the county.

Details are available at the OED website, www.ozaukeebusiness.org or by calling 238-7730.

Comments (0)Add Comment

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy
 
advertisement
Banner
Banner