Regional Revolving & Facade Loans
Regional revolving loan funds (RLF) can be used for land & buildings, renovation & facade upgrades, and equipment & machinery. Funds are not intended to provide the total financing and are generally limited to 50% of total project costs. Interest rates for revolving loan funds are currently at 5%. Loans of up to $20,000 with an interest rate of no more than 2% are available for the repair or replacement of business building facades in the downtown areas of municipalities with downtown design guidelines.
The Wisconsin Housing and Economic Authority
WHEDA offers products dedicated to improving the economic vitality of Wisconsin communities. WHEDA’s Small Business Guarantee (SBG) and Neighborhood Business Revitalization Guarantee (NBRG) help new and existing businesses grow and expand. WHEDA’s Contractor’s Loan Guarantee (CLG) assists small business expansion and development by providing an opportunity to enter into contracts with WHEDA approved organizations. The WHEDA Agribusiness Guarantee (AgBG) helps small businesses develop new products or expand the production of existing products using Wisconsin’s raw commodities.
Wisconsin Economic Development Association
In 2010, a study conducted by the Wisconsin Economic Development Association called “Be Bold Wisconsin” set in motion a new era of Economic Development in Wisconsin. Following this study, the Wisconsin Department of Commerce was abolished and replaced by a public-private entity called the Wisconsin Economic Development Corporation (WEDC). WEDC has multiple funding opportunities.
Technology Assistance Grant
TAG offers up to $3,000 to assist high-technology, high-growth companies with the cost of obtaining professional assistance needed to finance & grow a technology based business.
Entrepreneurial Training Grant Program
ETP offers an 8-12 week course providing assistance with business plan development. Included with the program is individual coaching. The maximum funding available is 75% of eligible tuition costs.
Early Planning Grant
The Early Planning Grant (EPG) program is designed to help individual entrepreneurs and small businesses obtain the professional services necessary to evaluate the feasibility of a proposed start up or expansion. The EPG provides funds to cover a portion of the cost of hiring a for-profit third party to develop a business plan.
USDA Rural Development
We are committed to helping improve the economy and quality of life in rural America. Through our programs, we touch rural America in many ways. Our financial programs support such essential public facilities and services as water and sewer systems, housing, health clinics, emergency service facilities and electric and telephone service. We promote economic development by supporting loans to businesses through banks , credit unions and community-managed lending pools.