FAQs

How does my business qualify for financial assistance?: Businesses must be located in one of the following ten Northwest counties of Wisconsin: Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor and Washburn. Loans may be used for acquisition of land and buildings, site preparation, construction, remodeling of an existing building, purchase of machinery and equipment, start-up costs, working capital or for business acquisitions when the loan will keep the business from closing, prevent the loss of employment opportunities, or provide expanding job opportunities. The applicant must demonstrate that the proposed project is viable and that the business will have the economic ability to repay the loan.

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Business Assistance and Loan Programs (WBIC, NWREDF, NWBDC)

1. Who do I contact for more information about business assistance and loan programs?: For more information about business assistance and loan programs please contact Ken Pearson, Loan Fund Manager, at 715-635-2197 or Email.

2. Are there grants available for my business?: You will not be able to start a business without investing your own savings and other assets. You will not find a bank willing to lend you 100 percent of what you need or a government program to fund your business.

3. What types of technical assistance do you provide for businesses?: NWBDC provides hands-on assistance for all areas of business development. Check out our Business Resources page for a comprehensive list of assistance available.

4. How does my business qualify for financial assistance?: Businesses must be located in one of the following ten Northwest counties of Wisconsin: Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor and Washburn. Loans may be used for acquisition of land and buildings, site preparation, construction, remodeling of an existing building, purchase of machinery and equipment, start-up costs, working capital or for business acquisitions when the loan will keep the business from closing, prevent the loss of employment opportunities, or provide expanding job opportunities. The applicant must demonstrate that the proposed project is viable and that the business will have the economic ability to repay the loan.