M&I Business Credit, LLC
770 N. Water St.
Milwaukee, WI 53202
414-765-7583
www.businesscredit.com
William D. Farrar, vice president
M&I Business Credit LLC is a wholly owned subsidiary of M&I Bank and is an asset-based lender providing accounts receivable and inventory financing on a revolving line of credit basis and fixed asset financing on a term loan basis. Loans range from $2 million to $25 million and generally are provided to manufacturers, wholesalers, distributors, food processors and certain service industries. Typical situations include rapid growth, turnarounds and buyouts.
Impact Seven Inc.
147 Lake Almena Dr.
Almena, WI 54805
(715) 357-3334
www.impactseven.org
Customer Contact: Angela Kazmierski, business developer
Types of financing: Greater Wisconsin Fund, Venture Capital Fund, SBA 504 Program, SBA Microloan Program. All are available statewide.
Lincoln Neighborhood Redevelopment Corp.
2266 S. 13th St.
Milwaukee, WI 53215
414-671-5619
Customer contacts: Michael Gapinski, executive director, mike.gapinski@cfg-mail.com; Hilde Dewulf, program director, hilde.dewulf@cfg-mail.com.
Specialties: Preparing and processing loan packages while providing the technical assistance to complete the required documentation.
Service area: Milwaukee with a special focus on the south side.
Types of loans available: SBA Microloans, maximum $35,000; commercial loans for purchase and refinance to fund real estate, inventory and equipment and working capital, maximum loan amount $500,000 and revolving loan fund to fund gaps in down payment.
Prairie Business Credit, Inc.
828 N. Broadway, Suite 100B
Milwaukee, WI 53202
www.prairiebiz.com
Customer contact: Dylan Morgan, 414-220-9775, dmorgan@prairiebiz.com
PBC is an accounts receivable lender, financing start-up, growing and recovering businesses. Loan minimum is $25,000.
Specialties: Pre-bankable businesses and business to business.
Service area: Nationwide
Wisconsin Business Development Finance Corp.
100 River Place, Suite 1
Monona, WI 53716
Offices in Waukesha, Stevens Point, Green Bay, Eau Claire, the Fox Valley and Hudson
www.wbd.org
(800) 536-6799
Wisconsin Business Development Finance Corp. is a private, not-for-profit corporation created in 1981 to help Wisconsin businesses gain access to capital, create jobs and promote community development.
WBD is one of the largest certified development corporations in the nation with a loan portfolio in excess of $300 million, a staff of 34 experienced professionals and five offices serving Wisconsin businesses.
Its partnership with Wisconsin’s financial institutions has funded $2 billion of community development projects, helping to create more than 31,000 jobs statewide.
As a not-for-profit organization, WBD is governed by a board of directors and advisory group. Over 200 individuals from around the state have become members of WBD and support its mission.
WBD serves start-up and emerging businesses, established and growing businesses, financial institutions and economic development organizations.
Wisconsin Women’s Business Initiative Corp.
2745 N. Dr. Martin Luther King Jr. Dr.
Milwaukee, WI 53212
414-263-5450
www.wwbic.com
Customer contact: Marianne Dickson, vice president
Types of financing: WWBIC business term loans up to $100,000; West Allis Small Business Development Program
WWBIC business term loans up to $100,000: Loans can be used for expenses associated with starting or expanding a business, including machinery, equipment, furniture and fixtures, inventory, leasehold improvements, supplies and working capital. Loan proceeds cannot be used to purchase real estate or refinance existing debt. The interest rate is from 7 to 13 percent. Terms are from 12 months to 6 years. Includes a non-refundable $50 to $150 charge to conduct a preliminary review.
West Allis Small Business Development Program: The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis. To qualify for such a loan, businesses must be located or have plans to locate in the city of West Allis. Successful applicants must agree to meet program income requirements. Loans can be used for expenses associated with starting or expanding a business, including machinery, equipment, furniture and fixtures, inventory, supplies and working capital. At closing, the borrower will be asked to reimburse charges such as filing fees, title reports and/or credit reports.
Service area: Statewide
