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  • WHEDA PARTICIPATION LENDING PROGRAM (WPLP)

    The WPLP is intended to provide Wisconsin businesses with financing that could not otherwise be secured through traditional lending. The program partners WHEDA with local community Participating Lenders, banks, credit unions, economic development corporations, community development financial institutions, small business investment corporations, and other entities that provide commercial loans in the state.

    FEATURES AND BENEFITS

    • Reduced Risk for the Participating Lender
    • Provides Access to Competitively-Priced Gap and Mezzanine Financing
    • Available for Use During Construction

    Term Sheet

    • Term Sheet
    • Fees
    • How to Use the Lending Program



    SBA 504 Bridge Financing

    WHEDA’s 504 participation program provides lenders with participation financing during the interim period before the sale of the SBA guaranteed debenture.

    Purpose

    WHEDA’s 504 participation program provides lenders with participation financing during the interim period before the sale of the SBA guaranteed debenture.

    Eligible Borrowers / Projects

    • For-Profit, certain cooperatives, or other entities meeting criteria established by WHEDA and SBA.
    • Projects demonstrating job retention/creation, strong community support, and which qualify under 1, 2, or 3 below.
      1. Land, plant or equipment for any of the following:
        1. Facilities for manufacturing or commercial real estate activities.
        2. National or regional owner occupied headquarters facilities.
        3. Facilities for the storage or distribution of products of manufacturing activities, materials, components, or equipment.
        4. Facilities for the retail sale of goods or services.
        5. Facilities for research and development activities.
        6. Recreational and tourism facilities serving to attract visitors to this state.
        7. Facilities for the production, packaging, processing or distribution of raw agricultural commodities.
        8. Facilities for engaging in the business of operating a railroad.
        9. Facilities for recycling.
      2. Activities of a long-term nature, such as research and development.
      3. Equipment, materials, or labor used to make an energy-conserving improvement to a commercial or industrial facility.
      4. Project results in job creation/retention. Borrower required to report job creation/retention.
      5. SBA approved loans. Commitment to be provided prior to closing.

    Term Sheet

    • Rate
    • Terms
    • Fees
    • Loan Size
    • Participation Requirement
    • Collateral