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County loan administrator reports no defaults; Cabba highlights pending $500,000 commitment and talent grant
Summary
Brock Portillia, CFO of the Cabba business alliance, told the Kenosha County Finance Committee that county-managed loan funds had no loans in default, explained duplicate loan listings for Belalcon USA, said a $500,000 county revolving loan commitment is pending, and announced an award of just under $4 million in a state talent grant.
Brock Portillia, chief financial officer of the Cabba business alliance, told the Kenosha County Finance & Administration Committee on April 16 that the three county-managed revolving loan funds and the high-impact forgivable loan fund had no loans in default and that active accounts were current.
Portillia explained why a single borrower appears multiple times on the quarterly portfolio: Belalcon USA received two separate loans in 2021 from different funds with distinct covenants, and later took an additional equipment loan in late 2025. He said the firm paid cash for a major equipment expansion (about $65 million), completed a sale-leaseback with a global bank, and refinanced certain assets.…
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