Financial
Information
When starting a business, one important consideration is where to obtain capital to back your
venture. Most start-up businesses require a capital contribution by the entrepreneur, usually 20%.
The remaining financing may be available from your local banks or may require private investors.
There are several loan programs available to businesses, all of which require bank participation.
Examples include the following SBA loans currently available.
SBA Guaranteed Loan Program 7(A). This program provides financing to small businesses
through guaranteeing a percentage of the bank’s loan to the business. Eligible expenditures are for
land and building, machinery and equipment, working capital, and some restructure of existing
debt.
SBA 504 Loan Program. This program provides financing for small businesses through a low
interest, fixed rate, and a long-term loan. The Small Business Administration takes a second line
position behind the bank. Eligible expenditures are for land and building, long-life machinery and
equipment.
CMV Growth Development Fund. The CMV Growth Development Revolving Loan
Fund (RLF) is designed to foster growth in economic base activities that are the dominant
force in affecting economic growth or decline in the Tri-county area of Crawford, Monroe and
Vernon counties. The fund is targeted to manufacturers, tourism and selected service industries
that create jobs. For further information, call 608.785.9396, email [email protected], or go to www.
gomonroecountywi.com/#!incentives/cva3
Monroe County Revolving Loan Fund. The Monroe County Revolving Loan Fund is
designed to promote local economic development by providing a source of long term, fixed rate, low
interest financing for new and existing business projects that are located in Monroe County. For
further information, call 608.785.9396, email [email protected], or go to www.gomonroecountywi.
com/!#incentives/cva3
City of Tomah Revolving Loan Fund. The Housing Authority & the Community Development
Program helps individuals and families who meet income and other eligibility guidelines to secure
and maintain affordable, safe and decent housing in the City of Tomah. We are governed by a
Board of Commissioners from our community that are appointed by the Mayor and confirmed by
the City Council. The Community Development Program also promotes economic development
and encourages new business start-ups and business expansions that create new employment/
job opportunities. To assist businesses in this endeavor the Community Development Program
administers a Business Revolving Loan Fund. For more information, call 608.374.7455 or go to www.
tomahonline.com/index.php/dept/housing-community-development
Greater Area Tomah Chamber of Commerce
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