HCCDC
TYPES OF BUSINESSES SERVED:
* Community Development Projects
STAGES OF BUSINESSES:
* Establishment of new businesses
* expansion of existing businesses
* creation of employment opportunities
* saving existing jobs
FUNDING RANGE:
* Micro-Micro loans: Loans up to $1,000 for
individual micro-businesses.
* Micro-loans: Loans up to $50,000.00 with businesses of four
(4) or less employees.
* Intermediate Loan Funds: Loans between $50,001 and
$150,000.00
LOAN PRIORITIES:
Loans will be made to new and existing businesses as well as to community
development projects.
Loans will only be made to projects that demonstrate the financial ability to
repay the loan and/or
provide sufficient assets to collateralize the loan.
SERVICE AREA:
Any new or existing business or community development project
that is located on or near the
Winnebago Indian Reservation will be eligible to apply for a loan. "On or near
the Indian Reservation"
includes all areas within the legal boundaries of the Reservation, as well as
those communities where
a person living on the Reservation and seeking employment could reasonably be
expected to commute
to and from work in the course of a workday.
APPLICANT REQUIREMENTS:
* Collateral to secure loan
* Work with HCCDC Commercial Manager over life of loan
* Can demonstrate ability to repay loan
* Personal Financial Statement and Summary of Financing Need,
visit http://www.hochunkcdc.org/revolving_loan_program.html
for specifics.
FEES:
1.5% loan origin fee, which in no case will be less than $25.00, will be
charged on all loans.
Minimal fees may also be charged for required technical assistance and the
client shall pay all other
expenses in relation to the loan i.e., credit reports, closing costs, etc.
TERMS & RATES:
Terms and Rates to be determined by HCCDC loan review committee as to funding source.
RESOURCES PROVIDED
* Training workshops
* Business counseling
* Business Incubator Space Available
* Business Library
PROGRAM WEBSITE:
http://www.hochunkcdc.org/commercial_development.html