Areas Served: Statewide Wisconsin
The Small Business Guarantee helps to acquire or expand a small business with favorable financing terms, by providing a guarantee to commercial lenders for Wisconsin businesses.
FEATURES & BENEFITS – Lower Interest Rateimproves profitability – Longer Term and Amortizationlower monthly payment – Use for Working Capitalfinance more than fixed assets and inventory – Reduce Risk for the Lendermakes it easier to approve the loan TERMS – Maximum guarantee is lesser of 80% of the loan or $200,000 for fixed assets, permanent working capital, and inventory.
– Maximum guarantee is lesser of 80% of the loan or $80,000 for revolving working capital.
FEES Closing fee: – 1.5% of guaranteed amount on loans of $150,000 or less, or – 2.5% of guaranteed amount on loans greater than $150,000 – Servicing fee of 0.25% on the outstanding guarantee amount due annually.
Contact InformationWisconsin Housing and Economic Development Authority
Address: 201 W. Washington Ave., Ste. 700
City: Madison
State: Wisconsin
Website:
http://www.wheda.com/root/BusinessPartners/SmallBusinessLenders/Dynamic.aspx?id=688
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