[vc_row full_width=”stretch_row” parallax=”content-moving” parallax_image=”2758″ css=”.vc_custom_1606228375806{padding-top: 65px !important;padding-bottom: 25px !important;background-position: 0 0;background-repeat:-repeat !important;}”][vc_column][vc_custom_heading text=”Business Tools” font_container=”tag:h1|font_size:55|text_align:center|color:%23ffffff|line_height:1.2″ use_theme_fonts=”yes” el_class=”page-title”][wwp_vc_breadcrumbs_dynamic show_home=”1″ show_parent=”1″ show_child=”1″ add_child_link=”0″ theme=”1″ custom_separator_type=”1″ fa_icon_separator=””][/vc_column][/vc_row][vc_row css=”.vc_custom_1539268551775{padding-top: 35px !important;}”][vc_column][vc_column_text]
Business Capitalization
One of the greatest challenges to lasting business success is to find the right capital structure for the venture. Navigating the alphabet soup of private and public sector programs can be daunting, even to those with extensive finance expertise. Let us help you in this challenge. Call us for a free, confidential discussion of your financing needs. We will connect you to the resources you need, (715) 307-9674.
We have categorized a number of the business capitalization tools. Here is a brief explanation of each tool/resource.
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Business Capitalization
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_tta_accordion style=”flat” spacing=”5″ active_section=”0″][vc_tta_section title=”Local Commercial Lenders” tab_id=”1603308519646-cb8dd418-169b7be6-fe7b”][vc_column_text]
Local lenders that provide business and commercial lending to businesses and entrepreneurs under conventional rates and terms. This includes commercial banks and credit unions
Resources (Lenders that Provide Conventional Business Financing):
[/vc_column_text][vc_row_inner gap=”10″ css=”.vc_custom_1603309128761{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1/3″][vc_column_text]Hiawatha National Bank
[/vc_column_text][vc_column_text]BMO Harris
[/vc_column_text][vc_column_text]Westconsin Credit Union
[/vc_column_text][vc_column_text]Royal Credit Union
[/vc_column_text][vc_column_text]CCF Bank
[/vc_column_text][vc_column_text]First National Bank of River Falls
[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]Pillar Bank, Baldwin
[/vc_column_text][vc_column_text]River Falls State Bank
[/vc_column_text][vc_column_text]Compeer Financial
[/vc_column_text][vc_column_text]Citizens State Bank
[/vc_column_text][vc_column_text]Midweston Bank
[/vc_column_text][vc_column_text]First American Bank
[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]First State Bank and Trust
[/vc_column_text][vc_column_text]Associated Bank
[/vc_column_text][vc_column_text]Wells Fargo Bank
[/vc_column_text][vc_column_text]First National Community Bank
[/vc_column_text][vc_column_text]US Bank
[/vc_column_text][vc_column_text]Security Financial Bank
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”SBA 7(a) Loan Guarantees” tab_id=”1603309171606-ccd48b1a-8b267be6-fe7b”][vc_column_text]
One of the many financial tools SBA offers is its 7(a) loan guarantee program. The program in partnership with your local lender through the use of a loan guarantee provides you access to capital when you may not otherwise qualify for conventional financing. Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan.
Resources:
- Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. Click here to connect to local lenders participating in SBA’s 7(a) loan guarantee and 504 fixed asset lending program: www.sba.gov/funding-programs/loans/lender-match
[/vc_column_text][/vc_tta_section][vc_tta_section title=”SBA 504 Fixed Asset Financing” tab_id=”1603315791352-61d22cb8-851b7be6-fe7b”][vc_column_text]An SBA funded program that provide financing for fixed assets such as land building and equipment in partnership with a local lender such as bank or credit union through a licensed certified development company. Fixed rates for 30-40% of the project cost for terms of 10-25 years. 10-20% equity injection required and a 1s mortgage lender willing to make a loan for 50% of the project cost.
Resources:
[/vc_column_text][vc_row_inner gap=”10″ css=”.vc_custom_1603309128761{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1/4″][vc_column_text]WBD
(715) 381-6719[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]SPEDCO
651.631.4900[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]TCM
651.481.8081[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]504 Corporation
507.288.6442[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Microloans” tab_id=”1603316081176-db6aa5f1-54bc7be6-fe7b”][vc_column_text]
Eligible businesses can startup and grow with working capital or funds for supplies, equipment, furniture and fixtures. Borrow from $500 to $50,000 and access free business counseling from microlenders.
Resources:
[/vc_column_text][vc_row_inner gap=”10″ css=”.vc_custom_1603309128761{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1/4″][vc_column_text]Women Venture
www.womenventure.org
(612) 224-9540[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]WWBIC
www.wwbic.com
414 263 -5450[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Impact Seven
www.impactseven.org
714 434-1717[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Regional Business Fund (River Falls and Spring Valley – Only)
www.rbfinc.org
715-836-2918[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Revolving Loan Funds” tab_id=”1603316697002-62a1a1eb-294d7be6-fe7b”][vc_column_text]
Financing intended to cover the gap between what a conventional lender is willing and able to lend and the remaining debt capital needs of the business. Requirements are specific to each program.
Resources:
[/vc_column_text][vc_row_inner gap=”10″ css=”.vc_custom_1603309128761{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1/3″][vc_column_text]Mississippi River Regional Planning Commission (MRRPC) Business Capital Fund (BCF)
https://mrrpc.com/loans-grants/
608 785-9396[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]Regional Business Fund (RBF)
www.rbfinc.org
715-836-2918[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]St. Croix Electric Cooperative
https://scecnet.net/
715-796-7000[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Wisconsin Economic Development Corporation (WEDC)” tab_id=”1603316874086-de64c3b0-02c97be6-fe7b”][vc_column_text]
WEDC provides funding, resources and training help companies that do business in Wisconsin maximize their potential. Obtain details from Heather Smith, Regional Economic Development Director at 608.210.6758 or heather.smith@wedc.org.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”Pace” tab_id=”1603394886522-9a149cea-e81b”][vc_column_text]
The Property Assessed Clean Energy (PACE) is a financing program for energy efficiency, renewable energy and water efficiency improvements and equipment. A PACE approved lender provides low cost long term financing. Visit www.pacewi.org or call 800.522.3014 to learn more.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”USDA Rural Development” tab_id=”1603394954960-3cd9dbff-c632″][vc_column_text]
[/vc_column_text][vc_row_inner gap=”10″ css=”.vc_custom_1603396118206{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_inner width=”1/3″][vc_column_text]
- Business and Industry Loan Guarantees (B&I)
- Energy Programs
- Intermediary Relending Program (IRP)
- Rural Business Development Grants (RBDG)
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- Rural Business Investment Program (RBIP)
- Rural Cooperative Development Grants (RCDG)
- Rural Economic Development Loan and Grant (REDLG)
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- Rural Microentrepreneur Assistance Program (RMAP)
- Socially-Disadvantaged Group Grants (SDGG)
- Value Added Producer Grants (VAPG)
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Crowdfunding Resources” tab_id=”1603395092871-0163a973-522a”][vc_column_text]
There are four types of crowd funding: Micro finance, Credit based, Rewards based crowdfunding and Equity Crowd funding.
Resources:
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Micro-Finance
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Credit-Based
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Rewards-Based Crowdfunding
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Equity Crowdfunding
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_tta_section][vc_tta_section title=”Venture Capital” tab_id=”1603395209397-e8ae5b85-8c39″][vc_column_text]
Venture Capital – is a type of private equity a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth
Resources:
[/vc_column_text][/vc_tta_section][vc_tta_section title=”Growth Capital” tab_id=”1753139122285-32fd9dc0-49df”][vc_column_text]Growth capital firms provide funding to established, revenue-generating companies with a proven business model, helping them expand operations, enter new markets, develop new products, or finance acquisitions without incurring excessive debt.
Resources:
Hill Capital [/vc_column_text][/vc_tta_section][vc_tta_section title=”Angel Investors” tab_id=”1603395265171-5ba55801-76e4″][vc_column_text]
An Angel Investor is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies Visit the Wiscosnin Angel netork for more information: https://wedc.org/programs-and-resources/wisconsin-angel-network/.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”Comprehensive List of Capital Resources in our Region” tab_id=”1668433508109-1828bb76-2c62″ el_class=”Here is a more comprehensive list of capital resources in our region, “Where’s The Money” https://twincities.score.org/wheres-money”][vc_column_text]Here is a more comprehensive list of capital resources in our region, “Where’s The Money.”
Where’s the Money Resource Link[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]