Assist in the start-up of a daycare business. The daycare business may be owned by a nonprofit organization or cooperative. The daycare may be for adults or children. Eligibility Requirements Business is unable to obtain conventional financing at reasonable terms. Business employs 50 or fewer full-time equivalent employees at time of application.
Business is located in Wisconsin.
Owner is actively engaged in the business and current in child support payments, if any. Project will create or retain jobs. Eligible Uses of Loan Proceeds Purchase or improve land and buildings including mixed-use properties . Purchase or improve machinery and equipment. Fund permanent and revolving working capital.