biz connections SB A L O AN S The following loan guarantees were approved by the U.S. Small Business Administration in October:
Allis, $60,000, First Federal Bank of Wisconsin;
Jefferson County
Providence Family Medical Clinic S.C., 2500
Blair’s Hardware Inc., 401 Bernard St., Watertown, $85,000, First Bank Financial Centre;
W. Silver Spring Drive, Glendale, $531,200, Wells Fargo Bank;
Nead Investments LLC, 1216 Whitewater Ave.,
Reclaimers LLC, 1617 S. 101st St., West Allis,
Panoptic LLC, 310 E. Buffalo St., Suite 128, Milwaukee, $16,200, U.S. Bank;
Fort Atkinson, $445,200, First Bank Financial Centre;
$1,175,500, Alterra Bank;
Kenosha County
RJ Heating & Air Conditioning LLC, 3820 W.
GEM Manufacturing Inc., 6919 51st St., Kenosha, $675,000, Alterra Bank;
Milwaukee County
Villard Ave., Milwaukee, $100,000, U.S. Bank;
RJ Heating & Air Conditioning LLC, 3820 W. Villard Ave., Milwaukee, $745,000, U.S. Bank;
Tarunpreet LLC, 6366 N. 76th St., Milwaukee,
Ridgestone Bank earns top spot in SBA loan volume Brookfield-based Ridgestone Bank took the top spot in volume of SBA loans approved in 2015, the Wisconsin District Office of the SBA announced. Ridgestone, which is an SBA Preferred Lender, approved 103 SBA loans totaling $95.9 million in Wisconsin last year. In addition to its home office in Brookfield, Ridgestone also has loan production offices in Madison, Kaukauna and Wausau. The bank, which has a second full-service branch in Schaumburg, Ill. and additional loan production offices throughout the Midwest and in California, made 475 SBA loans totaling $474.3 million nationally last year, which ranked it seventh in SBA lending volume nationwide. In terms of the number of SBA loans approved in 2015, Oconomowoc-based First Bank Financial Centre took the cake, with 240 SBA loans totaling $87.9 million last year. Nationally, FBFC made 299 loans totaling $143 million, putting it at 29th place in terms of volume in the U.S.
B83 Asset Acquisition Inc., 3040 W. Hopkins St.,
$450,000, Wisconsin Bank & Trust;
Milwaukee, $100,000, First Bank Financial Centre;
Thai-Namite, 8725 W. North Ave., Wauwatosa,
B83 Asset Acquisition Inc., 3040 W. Hopkins St., Milwaukee, $1,535,000, First Bank Financial Centre;
$276,000, Wisconsin Business Development Finance Corp.;
Bankruptcy Law Offices of Richard A. Check,
WB WI II LLC, 418 N. Mayfair Road, Wauwatosa,
757 N. Broadway, Suite 401, Milwaukee, $150,000, First Bank Financial Centre;
$360,000, Ridgestone Bank;
Bankruptcy Law Offices of Richard A. Check,
St., Milwaukee, $20,000, JPMorgan Chase Bank;
Racine, $38,000, JPMorgan Chase Bank;
757 N. Broadway, Suite 401, Milwaukee, $350,000, First Bank Financial Centre;
Ozaukee County
Golden Flight Express Trucking LLC, 817 Ela
E. Milwaukee St., Whitewater, $150,000, Wisconsin Women’s Business Initiative Corp.;
Ave., Waterford, $25,000, Community State Bank;
Washington County
House of Love Adult Family Home LLC, 1318
JL Business Interiors Inc., 515
Brother Sister Subs System LLC, 2327 W. Ryan Road, Oak Creek, $135,000, Wisconsin Bank & Trust;
G&G Juice Company of Wisconsin LLC, 544 E. Ogden Ave., Unit #300, Milwaukee, $221,800, Stearns Bank;
La Fleur Law Office S.C., 826 N. Plankinton Ave., Floor 5, Milwaukee, $25,000, Associated Bank;
Lakeshore Veterinary Specialists, 2100 W.
——Molly Dill
Welsh’s Therapeutic Facility LLC, 4534 N. 76th
Advanced Speed Components LLC, 2133 County Road W, Grafton, $50,000, First Bank Financial Centre;
Motorsport Composites Inc., 1220 Falls Road, Grafton, $150,000, First Bank Financial Centre;
Motorsport Composites Inc., 1220 Falls Road,
Center St., Racine, $21,000, Wisconsin Women’s Business Initiative Corp.;
Smokin Visk LLC, 6012 Washington Ave., Racine, $305,000, Southport Bank;
Schoenhaar Drive, West Bend, $365,000, First Bank Financial Centre;
Vista Mobility Specialists Inc., 3946 Windemere Drive, Colgate, $250,000, JPMorgan Chase Bank;
Grafton, $150,000, First Bank Financial Centre;
Sheboygan County
Xtreme Stainless LLC, W194 N11005 Kleinmann
Racine County
Carlton Automotive Inc., 1416 Center Ave., Oostburg, $249,000, Oostburg State Bank;
Drive, Germantown, $620,000, Cornerstone Community Bank;
Schulz & Dippel Trucking Inc., N4938 County
Waukesha County
Road U, Glenbeulah, $651,000, Hometown Bank;
A C.H. Coakley & Co. Inc., N54 W13901 Woodale Drive, Menomonee Falls, $3,160,000, Wisconsin Women’s Business Initiative Corp.;
Silver Spring Drive, Glendale, $1,485,000, Live Oak Banking Company;
Arjan Properties LLC, 26220 Loomis Road, Wind
Law Offices of Jason D. Baltz, 4431 N. Lake
ASDA Enterprises Inc., 6320 McHenry St.,
Drive, Milwaukee, $150,000, Celtic Bank Corp.;
Burlington, $50,000, Community State Bank;
Walworth County
Liberty Glass Co. Inc., 11022 W. Becher St., West
Belle City Lawn Care LLC, 2053 Quincy Ave.,
Revolutionary Machine & Design LLC, 928
Lake, $950,000, State Bank of Chilton;
Innovative Signs Inc., 21795 Doral Road, Suite B, Waukesha, $140,000, Cornerstone Community Bank;
BIZ B R I E F S
Ansay & Assoc. acquires Koehler Insurance Port Washington-based Ansay & Associates LLC, a regional insurance and benefit solutions agency, announced that it has acquired Cedarburg-based Koehler Insurance. Terms of the deal were not disclosed. Koehler Insurance is a family owned independent insurance agency with personal and commercial insurance customers in Wisconsin. The Koehler Insurance staff in Cedarburg will be retained, according to Ansay & Assoc. With the acquisition, Ansay & Associates now has more than 200 employees and
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J&P Driving School LLC, W354 N6415
nine offices which, in addition to Cedarburg, also include Port Washington, West Bend, Manitowoc, Fox Valley, Green Bay, Madison, Mosinee and Burlington.
due to a reduced demand for products and a broad softness in industrial markets driven by low oil prices, unfavorable exchange rates, and a declining Chinese economy.
Waukesha manufacturer lays off 60
MetalTek does not know how long the layoff might last, but is hopeful that the laid-off employees can be called back as market conditions improve.
MetalTek International laid off 60 employees on Nov. 12 at its Wisconsin Centrifugal Division located in Waukesha. Those employees, which consisted of shop and office employees, equated to 13 percent of the company’s Waukesha workforce, according to human resources manager Dave Harris. A company statement said the layoffs are B i zT i m e s M i l w a u k e e
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Megan Lane, Oconomowoc, $30,000, First Bank Financial Centre;
Lake Country Auto Care Inc., 449 Hickory St., Pewaukee, $105,000, U.S. Bank;
Make Sawdust LLC, 3220 N. 126th St., Brookfield, $80,000, Tri City National Bank;
NIK Dental Lab LLC, P.O. Box 95, Pewaukee, $40,000, Spring Bank;
The Wisconsin Centrifugal Division now has 412 employees. Harris said Waukesha-based MetalTek has more than a thousand employees worldwide.
NIK Dental Lab LLC, P.O. Box 95, Pewaukee,
Serving customers in more than 35 countries, MetalTek is a supplier of alloy components for high-temperature, wear, and corrosion environments and high-compliance industries.
REIS Automotive LLC, 13521 W. Montana Ave.,
N ovemb er 3 0 - D e c emb er 13 , 2 015
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$20,000, Spring Bank;
Polyak Distributors Inc., 5431 N. 131st St., Butler, $200,000, Pyramax Bank; New Berlin, $160,000, Spring Bank;
Simon Family Eye Care LLC, 15300 W. Grange Ave., New Berlin, $50,000, Citizens Bank.