Chamber Services
Lending a Loan in Wisconsin
Many of the businesses we have now in the Latin Community might never have opened their doors without loans. Depending on the type of loan, this financial option may not only help members overcome their financial difficulties but also create some new businesses or develop the existing ones. Now you can borrow about $1,500 with just your signature as a return guarantee or apply for a small business loan that can offer up to $250,000 funding with a term of up to 84 months.
What is a small business loan?
Loans for small businesses are such types of borrowings that allow entrepreneurs to cover most of the costs of starting a new business. All the members of the Latino community may access up to $250,000 in financing with the help of the Wisconsin Economic Development Corporation. You can repay the loan within 84 months in equal monthly installments. That can help you avoid financial stress while developing your own business.
The examples of expenses small business loans can cover:
- Equipment purchase;
- Real estate purchase;
- Working capital;
- Improving your building;
- Improving a site;
- Technology and staffing;
- Refinancing of your certain business debt.
You can not use small business loans for your personal purposes. If you need to cover your daily expenses or some business costs that business loans can not cover, please, choose one of the alternative ways of financing.
Available alternatives
Each and every member of the Latino business community can consider further loan options to overcome their personal financial difficulties.
- Personal loans - available for members with good credit scores who are looking for a long-term solution for their personal needs;
- Payday loans - that suit members with any credit who face financial emergencies and need some instant money to cover their expenses as soon as possible;
- Installment loans - for members who are looking for fast cash but want to repay the money borrowed in equal monthly installments.