Loan Details
MEDC financing helped Lakefront Brewery grow into a thriving business and widely recognized premium beer brand.
At MEDC, we help entrepreneurs, and small- and medium-sized business throughout Milwaukee, Kenosha, Racine, Ozaukee, Walworth, Waukesha and Washington Counties access the funds, technical assistance, and resources needed to find success. Loan dollars might be used to purchase real estate, renovate or expand existing facilities, buy equipment, acquire a business, and more. Ultimately, our goal is to help you complete your business project, so that together, we can create and retain jobs, and stabilize neighborhoods.
In most instances, MEDC teams with a bank, credit union, or lending partner to provide the financing your project needs. Talk to your current banker, or we can refer you to one of our lender partners.
A Typical MEDC Loan
Purpose
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Real estate - acquisition
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Real estate - improvements
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Real estate - new construction
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Business acquisition
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Business expansion
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Equipment
Terms
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1-7 year term loans
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Amortization and terms to match banking partner loan or the estimated life of the asset
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Interest rates at, or below, market rates
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No prepayment penalty
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No application fees
Requirements
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10% equity investment into the project
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Life Insurance on owners, which are assigned to MEDC
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Satisfactory credit report
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Secured personal guarantees of owners with 20% or more ownership
A MEDC Relationship Manager can help you identify the best options for your business needs. Contact us now or call (414) 269-1440 and ask to speak to a member of our lending team.