We realize that proving eligibility in this program has been very difficult, so we've made it easier for you and your borrower. The business no longer has to come up with a product completely new to the State of Wisconsin to be eligible. The new eligibility centers on the increased use of a Wisconsin grown raw agricultural commodity. The business is eligible if it expands production, or creates a product new to the business, which results in additional commodity usage.
Maximum term is the lesser of two years or the life of the contract or purchase order.
Repayment is made via joint party checks to the borrower and lender. Collateral must include an assignment of contract proceeds. Loan proceeds may only pay for expenses necessary to complete the contract or purchase order. Payment of owners' salary is not allowed. The borrower's day care opened in 1989.