Green Bay, WI – SBA Administrator Karen Mills will tour DeLeers Millwork, Inc.—a fabricator of high end architectural millwork and casework. With SBA financing, DeLeers Millwork, Inc. has expanded their market across the United States. Most recently they used the SBA's new CAPLine program to meet their short-term working capital needs. Thanks to these loans, DeLeers Millwork., Inc. presently has 61 employees and plans to hire more.
DeLeers Millwork, Inc. has created jobs in the Green Bay area—providing employment to local skilled workers. Today, DeLeers is recognized as an industry leader equipped with the most innovative technology and machinery. DeLeers was founded 33 years ago by Phil and Jerry DeLeers. Greg Marx and Phil DeLeers joined forces last year. With Greg's business experience and Phil's industry knowledge, DeLeers has plans for steady growth. The SBA has been a major help in starting that process.
The SBA Wisconsin District Office offers a variety of programs to help businesses succeed like DeLeers Millwork, Inc. In Fiscal Year 2011, Wisconsin has supported over $835 million in financing to small businesses and more than $37 million to Green Bay's small business owners.
The CAPLine program gives small businesses more flexibility to finance the contracts, subcontracts, and purchase orders they compete for and win – both in the public and private sector. By addressing the short-term and cyclical working capital needs of small businesses, the revolving line of credit helps small businesses manage their cash cycle, scale up and create jobs.
SOURCE U.S. Small Business Administration
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