• Feb 26, 22
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

Impact Seven has assembled a group of revolving loan funds from public and private sources to create the Greater Wisconsin Fund.

This fund is designed to assist growing companies to start-up or expand in Wisconsin communities.

Typical clients are small- to mid-sized manufacturing firms, while high-tech firms are a priority.

Eligible Borrowers: Growing, viable businesses creating jobs in Wisconsin communities.

Manufacturing operations and high-tech firms are priorities, while retail, service, agri-business, and other firms are also served.

Finance Instrument: Direct loans between Impact Seven and your business.

Loan guarantees and participations can also be facilitated through this fund.

Uses of Funds: Land and building purchase or improvement, working capital, inventory, supplies, machinery, and equipment.

Terms: Negotiable depending on project and use of funds.

The package can be custom designed to suit your business’ needs.

Rates: Competitive, often below-market.

Rate is determined on a case-by-case basis based on the strength of your application.

Lower rates available for high impact projects.

Criteria: The major criteria for this program are quality of business plan, financial history/economic viability of business, job creation (general goal is $20,000 per job created), and collateral.

Security: Business assets and personal guarantees, corporate guarantees, and personal assets as appropriate.

Range of Impact Seven Financing: Loans from this fund are generally from $35,000 to $1,000,000, while Impact Seven has put together financial packages of several million dollars for projects with strong financial outlook, high growth potential, social impact, and job creation.

Impact Seven can help you obtain financing from additional sources to make the project happen, should the situation warrant it.

Technical Assistance: Impact Seven can assist you with management, location, marketing, and financial management issues.

Social Impact: Businesses locating in depressed rural or urban areas and/or offering well-paying jobs are given special consideration.

Owners from minority groups, women, low-income individuals, and veterans are priorities of this program, and borrowers are encouraged to target job creation towards this target population when possible.

Application Process: If, after an initial discussion with an Impact Seven business developer, it is determined that your project is appropriate for the Greater Wisconsin Fund, you will be asked to complete an Impact Seven Loan Application and provide us with a business plan, company financials, and other pertinent information.

Upon receiving your completed application, a site visit to your business and/or a meeting at Impact Seven’s office will be scheduled.

The business developer will review your application and present an analysis to the Impact Seven Loan Committee.

Approved applications will be sent to the Impact Seven Board of Directors for final approval, and you will receive a commitment letter outlining the terms of financing.

After we receive your signed commitment letter, loan closing will be scheduled at either our Almena or Milwaukee office, depending on where you are located.

If your loan request is denied, you will receive a letter to this effect, with the reason for denial.

The decision process, from the time we receive your complete application package, generally takes from 2 to 4 weeks, but can be significantly shorter depending on the soundness of the application.

Fees: Businesses are responsible for paying the direct costs of loan processing, but in general Impact Seven has no or limited financing fees.





Contact Information
Impact Seven, Inc.
Address: 147 Lake Almena Drive
City: Alemna
State: Wisconsin

Website: http://www.impactseven.org/index.php?f_page=61

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