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Business Eligibility for Business as Borrower
- Expansion or acquisition of an existing small business.
An expansion may involve a new line of business that complements the
existing business. Existing is defined as being in operation for at
least 12 months.
- Annual revenues under $5 million.
- Located in a Wisconsin community with a population over 35,000.
- Owner is actively engaged in the business and current in child support
payments, if any.
- Project will create or retain jobs.
- Business is unable
to obtain conventional financing at reasonable terms.
Business Eligibility for Developer as Borrower
- Developing or rehabilitating commercial real estate, including mixed-use
properties, where a business occupies a portion of the building.
- Located in a Wisconsin community with a population over 35,000.
- Developer is actively engaged in the project,
but does not need to locate his business within the project.
- Developer is current in child
support payments, if any.
- Project will create or retain jobs.
- Developer is unable to obtain conventional financing at reasonable
terms.
Ineligible Businesses
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