Areas Served: Fond Du Lac, Green Lake, and Winnegabo counties
ADVOCAP is designated by the United States Small Business Administration and the USDA as a lender for the Micro Loan Programs for Wisconsin businesses.
Eligibility Preferred applicants will be persons with limited incomes who own or are forming a small business.
For most loans, income will be measured at 150% of the Federal Poverty guidelines or less during the previous 90 day period.
Other applications will be considered based on the applicant’s capacity and commitment to create well paying jobs for low income persons.
Loan Guidelines – The business or proposed business must be located in Green Lake, Fond du Lac or Winnebago Counties.
– The applicant must have a good credit record and have no liens or judgments against them.
– Loan proceeds may only be used for inventory, supplies, furniture, fixtures, machinery, equipment and or working capital.
Purchase of real estate is not eligible.
– The preferred amount of loan request should be between $2,000 and $15,000 and for a term of not more than 5 years.
*If granted, ADVOCAP would have first lien position on all assets acquired with loan proceeds.
Applications will be reviewed and considered based on their overall merit.
Contact InformationAdvocap, Inc
Address: 19 West First Street
City: Fond Du Lac
State: Wisconsin
Website:
http://www.advocap.org/business-development.html
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