MBDL Micro Business Development Loans<\/h1>\n<\/div><\/div><\/div><\/div><\/div>CONTACT
\nKelly Hess
\nMBDL Manager<\/em><\/small>
\n(608) 254-8353 ext. 234
\nkelly@cwcac.org<\/a><\/p>\n<\/div>Micro Loan Fund<\/h3>\n
The Micro Loan Fund Program provides small loans to start-up, newly established, or growing qualified applicants or small businesses. The key objective is to assist business owners, who have traditionally had difficulty accessing debt financing, by affording them another alternative to obtain credit. The rate is fixed at 5% and the loan amount can be between $1,000 and $10,000. This loan must be secured by 100% collateral.<\/p>\n<\/div>
<\/div><\/div><\/div>![\"loans](\"https:\/\/www.cwcac.org\/wp-content\/uploads\/2023\/04\/business-loan-applicant-48c.jpg\")
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<\/div><\/div><\/div>Eligibility<\/h3>\n\n- Be located in, or propose to locate in, South Central Wisconsin (Counties of Adams, Columbia, Dodge, Juneau or Sauk).<\/li>\n
- Create and\/or retain a minimum of one job per $10,000 loan (outside of owner).<\/li>\n
- Demonstrate ability to repay the loan.<\/li>\n
- Appear to the Loan Committee meeting to answer questions concerning the loan and about the need of the loan agreement.<\/li>\n
- Eligible activities include: acquisition of equipment, machinery, furniture and fixtures; new working capital; site improvements; leasehold improvements; building acquisition; or building renovation.<\/li>\n
- Adequate Collateral & Security Requirements will be sought on all Micro loans.<\/li>\n
- Have annual sales less than $100,000 AND have 10 or fewer employees.<\/li>\n
- Demonstrate ability to repay the loan. Eligible activities include: new working capital; inventory purchases and supplies; acquisition of equipment, machinery, furniture and fixtures; leasehold improvements; & building renovation and rehabilitation<\/li>\n<\/ul>\n<\/div>
Thinking About Starting A Business?<\/h3>\n
Click the link to take FREE INTERACTIVE ONLINE CLASS<\/a><\/u> to see if you are ready.<\/p>\n<\/div>
CONTACT The Micro Loan Fund Program provides small loans to start-up, newly established, or growing qualified applicants or small businesses. The key objective is to assist business owners, who have traditionally had difficulty accessing debt financing, by affording them another alternative to obtain credit. The rate is fixed at 5% and the loan amount can be between $1,000 and $10,000. This loan must be secured by 100% collateral.<\/p>\n<\/div> Click the link to take FREE INTERACTIVE ONLINE CLASS<\/a><\/u> to see if you are ready.<\/p>\n<\/div>
\nKelly Hess
\nMBDL Manager<\/em><\/small>
\n(608) 254-8353 ext. 234
\nkelly@cwcac.org<\/a><\/p>\n<\/div>Micro Loan Fund<\/h3>\n
<\/p>\n<\/div>Eligibility<\/h3>\n
\n
Thinking About Starting A Business?<\/h3>\n