Tuesday, May 22, 2018 A national model in economic and environmental sustainability

Financing

Aside from contacting your bank or credit union, a number of other financing options are available to help you start, grow, or expand your business. This list is not comprehensive and is to help explore some options you might not have considered:

  • Resources to finance energy efficient components of your project can be found here.
  • Resources to finance building renovation projects on W St. Paul Ave can be found here
  • Milwaukee Economic Development Corporation (MEDC) - MEDC serves Milwaukee businesses by providing low-interest loans. They share the risk with all participants in a project, lend in partnership with a bank, and lend funds at a higher risk level in order to increase the feasibility of a project. Loan amounts are generally between $100,000 and $250,000.
  • WWBIC - WWBIC offers: small business loans - access to fair capital through loans of $1,000 to $250,000, even for those who may have credit or personal finance issues; business education courses - in-Person and online training on a variety of valuable business topics such as business planning, financials, marketing, social media, web design, etc; and, small business consulting - one-on-one assistance is to help people launch and grow businesses. Generally, loans can be used for start-up capital, inventory and equipment, business expansion, working capital/lines of credit, build outs, and business professional support (i.e. marketing, accounting, bookkeeping, etc.)
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