Associated Bank and Associated Commercial Finance, both part of Associated Banc-Corp, closed on a $19 million loan to SCHWING America.

The loan provides working capital to support SCHWING America’s substantial increase in production and sales growth, as the company is on pace to quadruple its annual sales in 2014 versus 2010.

“Associated Bank’s goal is to continue to develop creative financing solutions for projects that support the continued economic growth throughout the Midwest,” said Rob Raveling, vice president and portfolio manager for Associated Commercial Finance. “We are pleased to be able to work with SCHWING America, as they continue to grow and provide quality products for both the commercial and residential construction industries.”

Located in St. Paul, MN, SCHWING America manufactures industry leading construction equipment branded as SCHWING concrete pumps, SCHWING Stetter truck mixers, batch plants, reclaimers and genuine SCHWING parts for distribution in North and Latin America.