The Hope Center is a day care operation located at 126 East Main Street in Mount Hope. The local lender assisting The Hope Center is Michael Petta of the First National Bank of Platteville. Without the guarantee, banks might not be willing to make the loans on the same terms. Borrowers can use the loan guarantee to expand or acquire a small business located in Wisconsin, for revolving lines of credit or permanent working capital, and for expenses including land, buildings, equipment and inventory. It can also be used to start up a day care business, including one owned by a cooperative or nonprofit group.
Borrowers can use the loan to purchase or rehabilitate land, buildings, and equipment.