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State of Wisconsin Department of Commerce
Economic Development Loans
- Loans are made to start-up or expanding businesses.
- For each $5,000 to $10,000 borrowed, one full-time job must be created.
- Dollar for dollar matching funds.
- Interests rates will vary case by case.
- Loans available from $100,000 to $750,000.
- Terms are from 5 years to 15 years.
- Economic Development Revolving Loan Fund (EDRLF)
- Loans are made to start-up or expanding businesses.
- Dollar for dollar matching funds.
- For each $20,000 borrowed, one full-time job must be created or retained.
- Interest rate for the loan will range at Prime +/- 2%.
- Terms of 7 to 12 years are available.
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