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Businesses located in the City of Milwaukee can take advantage of fixed rates of interest as low as current U.S. Treasury rates. MEDC will finance 25% to 40% up to $500,000 of the total project. Eligible uses include builidng construction, renovation, improvements, real estate purchases, equipment purchases, and in limited cases, working capital. Projects totaling $80,000 to $1.25 million are best suited to this program. MEDC's mortgage/lien may take a subordinated position behind the bank's loan for the project.
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