Congratulations to WBD borrower Reader Precision Solutions for being named Wisconsin Manufacturer of the Year during the recent awards ceremony held February 19 in Milwaukee.
Read this article for a summary of the updated borrower credit characteristics based on WBD’s internal credit scoring at the time of approval.
Registration is now open for WBD’s Fundamentals Workshop on Wednesday, May 13 at Kalahari Convention Center in Wisconsin Dells!
WBD’s highly anticipated Seminar Series returns in 2026. Register today for one of our free April seminars featuring small business financing insights, SBA 504 Loan Program updates,...
The SBA 504 loan program is a powerful tool to help your clients finance major equipment CAPEX projects while strengthening your financial institution’s competitive position.
In recent months, lenders have seen a rise in SBA loan defaults, prompting many institutions to revisit their litigation plan procedures to ensure compliance with SOP 50 57 4, which became...
The 2025 National Association of Government Guaranteed Lenders Fall Conference brought together SBA lenders, policy experts, and industry leaders to discuss the evolving landscape of 7(a) lending...
As previously announced, Jason Monnett is the new President of WBD, with Dan Schneider remaining as CEO. Jason is pleased to announce the senior management team for the organization,...
WBD’s leadership bestowed the honor of inducting Patrick Schloss into its Hall of Fame during the meeting of its board of directors in November.
WBD, Inc. is pleased to announce Jason Monnett has been named President effective January 1, 2026.
WBD announces Phil Whitehead as the eighth inductee into its prestigious Hall of Fame Lender Team, celebrating his achievement of 20+ SBA 504 projects.
Your partnership with our team during the 2025 fiscal year helped WBD stand out as the Number One CDC in the Midwest and #9 in the USA.
WBD is optimistic that the current federal government shutdown will soon be reaching an end. During this time, WBD’s team remains hard at work processing new and existing SBA 504 loan...
WBD congratulates Jared Leis, who is the 70th distinguished lender to achieve WBD Elite Lender Status.
WBD welcomed Sean Fitzgerald to its team as the organization’s new communications and marketing manager. His addition to the organization aligns with the retirement of Lance Walter...
The government entered a shutdown on October 1, 2025, resulting in the suspension of most SBA operations. WBD is monitoring the shutdown and wants to address any questions about our current...
To support the Made in America initiative, the SBA has introduced fee waivers for manufacturers for the first time! Effective October 1, 2025, for 504 loans to manufacturers.
WBD recognizes Matt Wilcox as the newest inductee into the Hall of Fame Lender Team, celebrating his remarkable achievement of 20 SBA 504 projects.
The U.S. Small Business Administration (SBA) has unveiled a new financing option tailored for small manufacturers: the 7(a) Manufacturer’s Access to Revolving Credit (MARC) program...
WBD spotlights Bill Mitchell, WBD Board Member and host of a dynamic podcast series, ConversActions, that’s quickly become a must-listen for entrepreneurs, business leaders, and...
WBD is proud to unveil an initiative designed to support veterans: legal fee coverage by WBD up to $3,500 to Veteran-Owned Businesses applying for new SBA 504 loans.
WBD’s loan portfolio is approaching $1.1 billion consisting of over 1,700 loans. For the past 20 years, we have been using a credit scoring system to help underwrite loan requests. We...
Jeff Liddicoat joins nearly 70 distinguished lenders with WBD Elite Lender Status.
Our WBD team attended the Wisconsin Lender’s Conference on May 15 at the Kalahari Resort in Wisconsin Dells. We joined several learning sessions, connected with lenders, enjoyed an awards...
I recently had the pleasure of attending the 2025 Spring NAGGL Conference held May 13-15 in Salt Lake City! Both NAGGL and SBA leaders were optimistic that the SBA 7(a) program will continue...
Mark and Shawn Bula, the father-and-son duo behind Signature Farms, were recently honored as SBA’s Small Business Persons of the Year for Wisconsin. Based in Grand Marsh, WI, Signature Farms...
A team from WBD, Inc. attended the 2025 National Association of Development Companies Spring Summit (May 4-7) getting the latest regulatory updates, networking, and advocating for the SBA 504...
Register Today for WBD's Seminar Series!
WBD’s Seminar Series is headed your way this summer and we hope to see you there! WBD loan officers will provide updates on the 504 program...
SBA 504 loans can support multiple operating companies within a single project. The 504 loan provides flexibility for businesses looking to expand, consolidate. or make improvements.
Has your institution prepared for the required changes in SBA 1502 reporting on your SBA 7(a) loan portfolio?
Did you know the WBD Service Company can assist you with the...
This month, WBD is proud to celebrate Luke Hagel, a seasoned banker who has earned the prestigious titles of Elite Lender and Hall of Famer for his exceptional work in partnering with us on 20+...
WBD's FY 2024 Annual Report is loaded with information on our fiscal year financials, job creation efforts, and mission support details as well. Also, this year we bring back our links to drone...
SBA 504 Refinancing: New Rules and Key Benefits for Small Businesses
A recent Forbes Magazine article, “With Rates Dropping, the SBA is Relaxing Its Refinancing Rules for Small...
WBD is proud to welcome Margaret Capper, SVP, Commercial Lending Manager at North Shore Bank, as our newest Elite Lender!
Congratulations to Rob Wyman, Vice President at Incredible Bank, for achieving the status of Elite Lender!
A great time had by all at the 2024 WBD Elite Lender Golf Outing at Lawsonia Golf Club! Have a look at our pictures from the day's event.
The SBA's rule changes, effective November 15, 2024, will help your business borrowers in a number of ways, including making it easier to refinance debt.
Also, the new rule change...
Congratulations to Ted Gunderson, SVP - Business Relationship Manager at Lake Ridge Bank in Madison, for achieving the status of Elite Lender!
Whatever it may be, SBA is usually a good mitigant to help get a deal done no matter what challenges lenders may face.
We work hard to keep WBD an effective, professional, trusted partner for all your SBA 504 needs. Make no mistake, building great relationships with lenders is a big part of our job and we...
Congratulations to Justin Harings, Community Bank President at CCF Bank, for achieving the status of Elite Lender!
For months now we have all heard rumblings of the Working Capital Pilot (WCP) Program that can assist lenders in providing additional working capital options for borrowers. Having taken effect...
SBA’s Office of Credit Risk Management (OCRM) is responsible for the oversight of SBA lenders and their 7(a) and 504 loan portfolios. OCRM’s mission is to maximize the efficiency of...
Salute the Troops, based in Fond du Lac, is an organization we're proud to call a Mission Partner and to see the impact they've made with support from WBD. Their mission is to assist local service...
WBD has been offering Simultaneous Closings for several years. Simultaneous Closings streamline the 504-loan closing & funding process and make things easier for your borrowers.
Congratulations to Jim McNulty, Senior Vice President at Oak Bank, for becoming our newest Elite Lender!
Congratulations to Jeff Vohs, Stateline Market President at CBI Bank & Trust, who is our newest Elite Lender!
WBD proudly supports Milwaukee Tech in their effort to address the city's startup funding deficit. Milwaukee Tech is a non-profit membership organization that serves as a unifying voice for their...
Employee Stock Ownership Programs (ESOP) grant workers ownership stake in the company as part of their overall compensation package, typically in the form of retirement assets.
Thanks again for registering for our Seminar Series event. In case you weren't able to attend, no worries, we've got you covered.
In the link below feel free to open and download our...
Perhaps if more individuals knew about the low equity requirement of the SBA 504 loan program, it could encourage more individuals to open their own facility.
WBD is a proud supporter of Family Friendly Workplaces, based in Woodville, WI. Their Executive Director, Neil Kline, believes in their mission of addressing western Wisconsin’s workforce...
Thank you for attending our workshop! If you weren't able to join us, we've got you covered.
In the links below you'll be able to open and download our presentation and our Lender...
WBD's Seminar Series is Coming Your Way in June!
WBD’s Seminar Series is headed your way and we hope to see you there! WBD loan officers will provide updates on the 504 program and...
In the coming weeks and months, there's a good chance you'll be hearing from business owners who will be asking about the SBA 504 loan. That's because we've stepped up our outreach with Wisconsin...
WBD supports the Wisconsin Economic Development Association (WEDA) in their efforts and vision in making Wisconsin a better place to live and work through economic advancement. Through advocacy,...
When it comes to the SBA, the emphasis on 'small' is unmistakable. WBD loan officers can help you and your customers explore how big, “small” can be.
Congratulations to Seth Wage, Vice President, Commercial Banker, at Peoples State Bank in Wausau, WI, who is our newest Elite Lender!
The 504 program is known for providing long-term fixed rate financing, but the program’s other benefit – the low down payment requirement – can be more meaningful to business...
WBD is proud to support the Madison-based Latino Academy of Workforce Development as a 2023 Mission Partner. Their mission helps to strengthen their diverse communities by providing linguistically...
In 2015, Owen Jones and Richie Bassi acquired Tommy Docks, a Weston, Wisconsin-based manufacturer specializing in high-quality do-it-yourself dock systems and accessories. Despite initial...
EIDL loans have become a hot topic in SBA lending and more and more often we are hearing from lenders that need servicing actions completed on those loans for routine business transactions.
WBD is proud to have New North, Inc. as a Mission Partner. New North is a regional marketing and economic development corporation fostering collaboration among private and public sector leaders...
WBD congratulates Eric DeJardine, Vice President at Nicolet National Bank in Sister Bay, WI, who is our newest Elite Lender!
We’re proud to support Wisconsin Rural Partners (WRP), an organization that helps convene rural communities around economic development issues throughout the state of...
Great news for lenders who use the 504 program! Due to recent changes, all 504 loans now qualify for Credit Under the Community Reinvestment Act.
WBD's Annual Report is here and ready for your perusal. You'll find information on our fiscal year financials, job creation efforts, and mission support details as well. Also, this year we...
As bankers, you see a wide range of business situations. The key is recognizing how to best position growing customers for success—and remembering how an SBA 504 loan can support their...
WBD is excited to partner with Red Letter Grant to support and empower women throughout west central Wisconsin! Our partnership with Red Letter Grant and many other organizations is part of our...
Thank you for attending our Webinar! And if you weren't able to join us, we've got you covered.
In the links below you'll be able to open and download our Webinar presentation and/or view...
Here is a great opportunity for your bank or credit union's SBA Support Staff and Closing Team!
If you or your lending institution's Closing Team and/or SBA support staff have ever dealt...
Over the past few years appraisals have been causing more than a few problems. Generally, the trend is for appraisals to come in short. Fortunately, the SBA 504 program may be able to help!
WBD is pleased to recognize the efforts of Brent Benjamin of Bank Five Nine in Milwaukee as he becomes WBD's newest Elite Lender.
WBD is pleased to recognize the efforts of Tom Brickley, of Summit Credit Union as he joins WBD's Elite Lenders!
While the SBA requires an Environmental Report on all real estate projects, the type of report varies depending on a number of factors.
Rising rates are causing pain for some SBA 7(a) borrowers, but WBD and the 504 loan can help! Read this article to find out more.
We’re Coming to a City Near You in 2023!
WBD’s Seminar Series is headed your way and we hope to see you there! WBD loan officers will provide updates on the 504 program and...
WBD helps bankers facilitate partner buyouts, using SBA 504 financing to preserve cash flow and leverage real estate equity when ownership transitions occur.
The SBA 504 program can help facilitate borrowers owning their own commercial real estate and provide both short term and long term benefits.
WBD is pleased to recognize the efforts of Eric Hesselink of Summit Credit Union as he becomes WBD's newest Elite Lender!
Every year, WBD participates with multiple lenders on complex change of ownership transactions that include the purchase of real estate.
WBD is pleased to recognize the efforts of Joe Nelson of Bank First as he becomes WBD's newest Elite Lender!
The SBA 504 loan program has long been known to help improve a borrower's creditworthiness by providing your financial institution with a credit enhancement.
The Five Percent: Managers Who Take Ownership
Managers who take full responsibility with energy, humility, and pride are rare and valuable. They’re essential to success and growth...
Contact WBD:
5202 Eastpark Boulevard, Suite 109
Madison, WI 53718
5202 Eastpark Boulevard, Suite 109
Email: wbd@wbd.org
Phone: (608) 819-0390
Fax: (608) 819-0393
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