The Waukesha County Leverage Loan Program is designed to assist established Waukesha County businesses, or businesses expanding into Waukesha County with their growth needs.

The Program can fund up to 1/3 of project costs, including equipment and facility improvements that will make the expansion succeed.

Applicants must have both an established bank relationship AND secured a commitment (bank, private investment or public-sector financing) for the first 2/3 of the project costs before applying to the Leverage Loan Program.

Once a business has commitments for the first part of project financing, the Leverage Loan Program offers:

• Simplified application process.
• No application or closing fee.
• Loan amounts up to $50,000.

Interested?  Let's get started:

Step #1.  Scroll down and thoroughly review the "Eligibility / Loan Parameters" section on the lower half of this page.


Step #2.  Click on the "Preliminary Application" PDF link:

[Note:  Open the following link, then print prior to filling out the form.  You cannot save data typed into this form.  Make a copy of your completed application for your records.]

Waukesha County Lev Loan Program Preliminary Application.pdf


[Note:  If desired, applicants can download Foxit PDF reader for free and use that product to fill out and save their application. http://www.foxitsoftware.com/downloads/]


Step #3.  Submit your Application via the delivery method you prefer ... 


--- Complete Application, Print and Mail to: 

Step #4.  Screening and processing of your Application:   

• You will be contacted by telephone within 10 business days following receipt of your Application and provided clear guidance on how to proceed. 

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Eligibility / Loan Parameters

Eligibility 

• Min 1 year in business; at least two tax returns.
• Gap piece only, no more than 33% of identified capital need; maximum loan of $50,000.
• Must have business plan including detailed financial forecast with assumptions - model for growth - 2nd tier development stage for business. 
• Must be located in, or expanding to Waukesha County. 
• Must show eventual expansion of jobs/tax base; within 2-3 year time frame. 
• Eligible industries: Manufacturing, Supply-chain; Technology based (IT) including hardware and software development. (Retail trade is not eligible under this program.)
• Eligible use of funds: Real estate; Equipment; Tangible IT products; Inventory; Working capital for contract fulfillment (verification of contract or inventory needed for production must be provided).  

• Max term; 3 years - may be considered for extension to 5 - then considered for monthly amortization for max of 5 year; full principal due at maturity.
• Interest only, 3%, charged quarterly via ACH.
• No prepayment penalty.
• Loans are secured; must be personally guaranteed by all owners of 20% or more of the business; owner below 20% may be required to guaranty.
• No application or closing fee.