Assisted Financing
MEDC (Milwaukee Economic Development Corporation)
The MEDC is a non-profit organization designed to assist in financing the growth of companies in Milwaukee county and the four counties in the metro-Milwaukee area (Milwaukee, Ozaukee, Washington and Waukesha). MEDC offers several programs:

Second Mortgage Program

		25 - 40% financing, up to $500,000
		Low-cost, fixed-rate financing up to 20 years
		MEDC takes a subordinate lien behind the bank's lien

CAP (Capital Access Program)

		Commonly for start-up businesses requiring less than $20,000
		Can be used for working capital, fixed assets, term loans and lines of credit
		Reserve created by bank to protect against loss, reserve is matched by public funds

Other programs are available. The MEDC also works in conjunction with the SBA to administer SBA's 504 program. To learn more about the MEDC, visit their website.

RCEDC (Racine County Economic Development Corporation)
The RCEDC is a non-profit organization which provides assisted financing to companies located in Racine county to facilitate growth and development. RCEDC offers programs such as:

Racine County Revolving Loan Fund Program (RLF)

		Offered to for-profit businesses for fixed asset and limited working capital financing
		Up to 90% of the project may be funded

Wisconsin Community Development Block Grant (CDBG)

		For businesses in communities with population less than 50,000
		Up to 90% of the project may be funded

Other programs are available. The RCEDC works in conjunction with the SBA to administer SBA's 7(a) and 504 program. To learn more about the RCEDC, visit their website.

SBA (Small Business Association)
The goal of the SBA is to help provide financing to small business in situations such as: start-up business, have little collateral or desire a longer amortization.

Tri City offers several loan products in conjunction with the SBA:

		7(a) - SBA guarantees a maximum of 80% of loan amount
		504 - Item being financed is shared between business, bank and SBA. The bank takes a first lien on collateral, SBA then takes a second lien.
		Low Doc - One page application available for loans under $100,000. Low-doc loans are guaranteed up to a maximum of 80%.
		Other programs available

To learn more about the SBA and its programs, visit their website.

West Allis Economic Development Loan Program
The City of West Allis provides financing to industrial and commercial businesses. Financing is available for existing businesses looking to expand or finance major purchases, or to businesses looking to move to the City of West Allis. The loan program is designed to bridge the gap between total project cost and available financing. Loan assistance is available to businesses that can provide job opportunities to low-to-moderate income workers.

		Loans available for up to 1/3 of total cost or $150,000 (whichever is less).
		Fixed rate financing for up to 20 years.

To learn more about the West Allis Economic Development Loan Program, visit their website.

WHEDA (Wisconsin Housing and Economic Development Authority)
WHEDA was primarily organized to assist in the expansion or acquisition of an existing small business. WHEDA guarantees loans for the lesser of 80% of the loan amount or $200,000, for loans up to $750,000. WHEDA assisted loans can be used for a variety of purposes, such as:

		Purchasing or improving land, building(s), equipment
		Purchasing inventory
		Working capital guaranteed for lesser of 80% or $80,000, on loans up to $250,000
		Lines of credit
		Refinancing

To learn more about WHEDA programs, visit their website.

Specific guidelines must be met to qualify for MEDC, RCEDC, SBA or WHEDA assistance. Please Contact Us or Locate Us to learn more about the loans and guidelines.