MEDC assists clients through five programs-- the Second Mortgage program, the Capital Access Program, and the Venture Debt program, County Rovolving Loan Fund and SBA Community Advantage.
The Second Mortgage program allows current City of Milwaukee businesses to take advantage of low interest rates in order to finance the purchase of a new building, the renovation of a current facility, or the purchase of new equipment.
The Capital Access Program provides financing to start-ups and small businesses through a flexible loan-loss reserve that allows lenders to fund projects considered too risky for conventional lending.
Venture Debt program improves access to capital for early stage businesses. The Venture Debt program provides loans to early stage firms in partnership with an equity investment.
MEDC is now partnering with Milwaukee County to provide financing of up to $250,000 to Milwaukee County businesses through the new County RLF. County businesses can take advantage of low interest rates in order to finance new business projects.
MEDC is utilizing the SBA's loan guarantee program to provide financing of up to $250,000 to Milwaukee County businesses through the SBA 7(a) Community Advantage. Businesses can secure a loan guarantee of up to 85% of loan.