WBD: History & Current Information
WBD, Inc.’s mission is to assist small businesses in gaining access to capital in order to grow their businesses, create jobs and build communities.
The cornerstone of WBD's success is providing access to the SBA 504 loan product. Available exclusively from not-for-profit Certified Development Companies (CDC), the SBA 504 loan fulfills the U.S. Small Business Administration’s (SBA) public policy objective to support small businesses and create jobs in our communities through long-term, fixed-rate financing.
Since 1981, WBD has helped fund over 2,500 businesses and created over 65,000 jobs in Wisconsin and Minnesota. WBD is now consistently one of the top ten most active, of the nearly 250, CDC’s in the country. WBD participates in hundreds of projects each year with Wisconsin, Minnesota and Michigan lenders and serves as an integral hub in every project.
WBD Service Company
The WBD Service Company was created to provide direct services to lenders and external customers with credit underwriting, application processing, and portfolio servicing. WBDSC staff is knowledgeable in a wide range of loan fund programs administered by the SBA, U.S. Department of Treasury’s Community Development Financial Institutions Fund, and other agencies.
Building on staff expertise in SBA lending, the service company offers a full range of support services to lenders wishing to utilize the SBA 7(a) program, from full packaging services to on call support. Additionally, a new set of SBA 7(a) Training Courses are now being offered to provide a local, affordable option for increasing the knowledge of lenders wishing to use the 7(a) program. These trainings will be periodically available at locations throughout the WBD service area or can be customized for individual bank presentations. For more information and a list of upcoming trainings, click here.
WBD Mission and Governance
WBD is a business finance resource that provides the knowledge, services and access to capital needed to create jobs, grow businesses and build communities.
As a non-profit company, WBD is overseen by the Board of Directors.
WBD Board Members are selected from across its service area and from a diverse group of professionals who bring a variety of perspectives, talent and experience related to small business development and corporate finance.
The Board of Directors is made up of 11 Voting Members who are elected to serve two year terms.
Current Members of the Board of Directors
|Craig Aderhold||Wisconsin Bank and Trust||De Pere, Wisconsin|
|Pam Christenson||Madison Gas & Electric||Madison, Wisconsin|
|Barb LaMue||New North, Inc.||Green Bay, Wisconsin|
|Dave Borchardt||Summit Credit Union||West Bend, Wisconsin|
|Tom Mews||First National Community Bank||New Richmond, Wisconsin|
|Bill Mitchell - Chair||Michael Best & Friedrich LLP||Milwaukee, Wisconsin|
|Steve Peterson||Choice Financial Group||St. Paul, Minnesota|
|Dave Provancher||WaterStone Bank||Brookfield, Wisconsin|
|Patrick Schloss||City of West Allis||West Allis, Wisconsin|
Bank Five Nine
WBD Senior Leadership
Dan Schneider – Corporate Executive Officer
Wenda Roycraft – Senior Vice President and Corporate Credit Officer
Jason Monnett – Senior Vice President and Senior Lender
Lance Walter – Senior Vice President of Strategic Communications
Marcie M. Mahuta – Senior Vice President of Finance and Administration
Randy Kyle – Director of Governance and Compliance