The combined loan guarantee and subsidy will help create one position and retain 8.5 positions at the business. My administration is committed to helping Wisconsin s small businesses succeed and thrive, Gov. Thompson said. 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.