KIVA - Kiva believes in character over credit and the power of community-based lending. Kiva provides funding opportunities for entrepreneurs who may not be ready for conventional financing.
Make a loan, change a life | Kiva
WEDC Tech Development Loan - Companies that provide high-tech or innovative solutions with national or global market potential are eligible for WEDC Technology Development Loans, which are tailored to the evolving needs businesses face as they move through their development cycle.
Technology Development Loans | WEDC
QNVB - Early-stage businesses developing innovative products, processes or services may apply to the Wisconsin Economic Development Corporation (WEDC) for QNBV certification. When an angel investor, angel investment network or Qualified Venture Fund (QVF) invests in a QNBV company, the entity making the investment is eligible to receive a tax credit equal to 25% of the amount of the equity investment.
Qualified New Business Venture | WEDC
SBA Micro Loans - The microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000. SBA provides funds to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers.
Microloans
Crowdfunding - Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding websites such as Kickstarter, and GoFundMe attract hundreds of thousands of people hoping to create, or support, the next big thing.
Start Up Ecosystem
By using regional assets Sheboygan County provides incubation, acceleration, and support to start-up entrepreneurs.
We are continuously trying to improve the assets in the start-up ecosystem in Sheboygan County and the SCEDC established an Innovation Council to assist with planning and direction of the ecosystem.
Revolving Loan Fund
Revolving Loan Funds (RLF) are designed to create increased access to capital and a low-cost alternative financing option for small businesses and start-ups in the county. The RLF programs include interest rates and loan maturities that are designed to encourage business development, private investment, and job creation in Sheboygan County.
Sheboygan County communities with Revolving Loan Funds:
- Sheboygan County
- City of Sheboygan
- City of Plymouth
- City of Sheboygan Falls
Sheboygan County RLF programs have varying guidelines, eligibility requirements, and terms and conditions.
Please call the SCEDC at (920) 452-2479 to discuss your project or email SCEDC Director TJ Crowns or SCEDC Business Counselor Ray York. If your project qualifies for any of Sheboygan County’s Revolving Loan Funds, the SCEDC will guide you through the next steps and the application process.