Areas Served: South Wood and Northern Adams County
The Heart of Wisconsin offers two Revolving Loan Funds which currently have funds available for business start-ups and expansions in South Wood and Northern Adams County.
One of the loan funds, is designed to be gap financing used in conjunction with bank financing to fill the gap necessary to make business development projects possible.
It requires job creation and has a maximum loan amount of $20,000 per job created.
The second loan fund offered through the Heart of Wisconsin is designed specifically for small business and provides loans of $25,000 or less for new business start-ups or expansions.
This loan fund is designed as a stand alone loan program to assist those businesses only requiring micro-loan types of lending.
This Small Business Revolving Loan fund is provided through the support of U.S. Department of Agriculture – Rural Development.
A revolving loan fund means that as the original funds are paid back, they are available for re-lending to other businesses in perpetuity creating new job opportunities for the area.
Anyone interested in applying should contact Melissa Loken at 423-1830.
Contact InformationHeart of Wisconsin
Address: 1120 Lincoln Street Wisconsin Rapids
City: Wisconsin Rapids
State: Wisconsin
Website:
http://www.co.wood.wi.us/Departments/PZ/EconomicDevelopment.aspx
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