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Other Capital Lending Programs 

There are many non-profits that support economic growth and provide Wisconsin businesses, start-ups, and entrepreneurs with access to much-needed capital and other resources. In future editions of the WEDI Economic Development Toolbox Handbook, we hope to build out a comprehensive list of these organizations. For now, please explore the many economic development resources provided by these non-profit organizations:

WBD - SBA 504 Loan Program

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The WBD-SBA 504 loan program is available to small businesses in Wisconsin through the Wisconsin Business Development (WBD), a Certified Development Company (CDC) that partners with the SBA and private sector lenders to reduce costs to the borrow and the lenders risk. Eligible expenses include land and building acquisition and large equipment. Benefits of the program include a low-down payment and a long repayment terms. The program aims to promote economic growth and job creation by supporting small businesses in the state. 

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  • Assistance Type: Loan

  • Min./Max Award: Up to 40% of the project’s eligible expenses 

  • Eligibility Obstacle: Program requires job creation for eligibility, which is a significant hurdle in the current economic environment that includes a severe workforce shortage. 

  • Contact and/or Application Link:

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Wisconsin Women's Business Initiative Corporation (WWBIC) - Business Loans and Access to Capital

The Wisconsin Women's Business Initiative Corporation (WWBIC) offers business loans and access to capital for women entrepreneurs. WWBIC provides loans ranging from $1,000 to $250,000, with flexible repayment terms and competitive interest rates. In addition to loans, WWBIC also offers financial education and business training to help women succeed in their ventures. 

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  • Assistance Type: Loan 

  • Min./Max Award: WWBIC makes loans up to $350,000 

  • Eligibility Obstacle: Program requires job creation for eligibility, which is a significant hurdle in the current economic environment that includes a severe workforce shortage. 

  • Contact and/or Application Link:   https://www.wwbic.com/contact/#statewideoffices  

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