Marathon County Economic Development Organization (MCDEVCO) “helps businesses navigate and leverage local and state programs, making expansion and start-ups simpler. MCDEVCO offers consulting to help entrepreneurs develop and execute well-rounded business strategies. MCDEVCO's financial assistance programs and strong partnerships with local lenders help local businesses grow.”
MCDEVCO offers GAP Financing where they collaborate with financial institutions, municipalities, and other organizations to complete loan projects for lending up to 20% of a total project.
Central Wisconsin Economic Development Fund (CWED) “works with entrepreneurs and their lenders to structure financing packages for start-up and expanding businesses to encourage economic growth in the area. CWED loans usually have low interest rates, reduced collateral requirements, and flexible terms.
CWED Revolving Loan Program encourages business development that supports job creation, raise personal incomes by providing opportunities for growth, support creation, retention, expansion of business, and leverage private investment.
Wisconsin Housing and Economic Development Authority (WHEDA) “works closely with lenders, developers, local government, nonprofits, community groups, and others to implement its low-cost financing programs.”
Wisconsin Economic Development Corporation (WEDC) works with the U.S. Small Business Administration (SBA) to provide financial assistance programs designed to meet the needs of small businesses.
The SBA sets guidelines for loans which are then made by its partners, thus eliminating much of the risk for lenders. Making it easier for small businesses to get loans.
Impact Seven is a statewide nonprofit community development corporation that works with small businesses as an alternative lender to promote growth. Impact Seven’s lending process is grounded in common sense and has assembled a group of funds from public and private sources to assist growing and emerging businesses in Wisconsin.
This revolving loan fund can be used for land and building purchases, construction or improvements, working capital, inventory, supplies and equipment. Loans range from $10,000 to $5,000,000 and rate and terms vary depending on the project.
Wisconsin Manufacturing and Agriculture Credit is available through the State of Wisconsin Department of Revenue and is available for business owners that produce qualified production activities assessed as manufacturing and agriculture.
The WMAC Tax Credit is nonrefundable, with the maximum amount of the credit that may be claimed is up to the gross tax computed from operations claimed on the income tax return.