• Jan 25, 22
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

Eligibility Preferred applicants are low income persons who own or are expanding a Wisconsin small business in Fond Du Lac, Green Lake, and Winnegabo counties.

Income will be measured at 150% or less of Federal poverty guidelines during the previous 90 day period.

Other applicants will be considered based on their capacity and commitment to create well paying jobs for low income persons.

Loan Guidelines

• Priority is given to expansion activities and new businesses creating new jobs.
• Loans up to $15,000 may be provided for business expansion or new businesses creating new jobs and for a term not to exceed 5 years.
• The loan proceeds may be used only for working capital, inventory, supplies, machinery and/or equipment building materials.
• Interest rates are fixed for term of loan.

Collateral may be pledged to secure all loans with ADVOCAP.

Loan applicants must meet the following requirements: – Loan application documents must be obtained from ADVOCAP Business Development Department.

Applicants may request technical assistance completing the application and supporting documents.

Completed application that includes business plan and thorough financial plan must be presented in person to an ADVOCAP Loan Officer.

All owners of the business must provide written personal guarantees for the amount of he loan.

Borrowers must enroll and participate in the ADVOCAP Job and Business Development Program.

 

Contact Information
Advocap, Inc
Address: 19 West First Street
City: Fond Du Lac
State: Wisconsin

Website: https://www.advocap.org/