Business Lending

As a certified Community Development Financial Institution (CDFI), NWSCDC works to support and empower economically distressed areas in Milwaukee by making financial products and services more accessible. Our business loan fund provides low-interest financing to help grow local small businesses and attract mid-size companies that will bring new jobs to our community. In addition, some loans are reserved for community development projects.  

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Eligible Uses:

  • Economic Development

  • Commercial Real Estate

  • Leasehold Improvements

  • Equipment Purchase

  • Working Capital

  • Startups

Loan Terms & Conditions:

  • Interest Rate: 7-8% Fixed (depending on market)

  • Term: Up to 7 years

  • Loan Amount: 150K - 1 Million

  • Loan Fees: 1% origination fee + 3rd party costs + legal fees

Collateral:

  • Security interest on all business assets or specific equipment

  • Mortgage on real estate

  • Personal & corporate guarantees

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With support from federal and state grants, our loan fund has distributed over $10 million in loans, leveraged more than $35 million of public and private investment, and created over 1,000 new jobs in our service area since 2000.

NWSCDC was awarded grants from the CDFI Fund in 2013, 2014, 2015, and 2020 to provide lending capital and technical assistance, which has allowed us to formalize our lending policies and further expand NWSCDC’s lending activities in our service area.  Increasing our lending activities includes the recruitment of bank investors to our loan fund.  The impact of the NWSCDC’s lending efforts includes the creation and retention of jobs in our Target Market.


For more information on the NWSCDC’s efforts as a CDFI, contact Senior Commercial Lender, Akayna Morrison: amorrison@nwscdc.org | 414-444-8200 x.8105

The best next step in your funding journey is a conversation.