Programs & Services
WBD LENDER SERVICES
For nearly 30 years, WBD has been helping businesses across the state access various government-related loan programs. WBD Lender Services was created to provide assistance to lenders and small businesses in pursuit of alternative financing options. Each of WBD’s eight regional offices are staffed with experienced loan officers and credit analysts, who have an excellent understanding of the financing needs of businesses and current knowledge of available financing options. WBD Lender Services is designed to provide valuable feedback and services, which will ultimately result in sound financial decisions for both the borrower and the lender.
One of the options offered through our Lender Services is loan application packaging or underwriting services under the SBA 7(a) Program.Some of options offered under our Lender Services are related to loan application or underwriting under the SBA 7(a) Program. To learn more about this SBA program, see SBA 7(a) Program.
For more information about all of these services, see WBD Lender Services.
NEW MARKETS TAX CREDIT (NMTC)
WBD also offers business loans that take advantage of a federal New Markets Tax Credit program designed to revitalize targeted urban and rural geographic areas. These fully amortized loans are open to businesses operating in designated low-income census tracts, offering up to $2.5 million in takeout or permanent financing with a 25-year term. For more information about the NMTC program, see New Markets Tax Credit (NMTC) Program
The many other programs and services are more fully described in the Economic Development Manual, edited by WBD, and published by the Wisconsin Bankers Association. If you would like to purchase a copy, please click here.
Individual members of Wisconsin Business Development receive a free copy of this manual. If you would like to become a member of WBD, please click here.
CAPITAL ACCESS PROGAM (CAP)
To expand the availability of credit enhancement tools available in our marketplace, WBD is proud to announce it can offer a statewide Capital Access Program (CAP) offered through the WBD Opportunity Fund, LLC. For the last 20 years, 26 states and 2 cities, including Milwaukee, have offered CAP. In a collaborative effort with Milwaukee Economic Development Corporation (MEDC) WBD worked with the state legislature and the Wisconsin Department of Commerce to expand this credit enhancement.
CAP involves private transactions between banks and borrowers where WBD plays a coordinated role and is not involved in lending decisions. CAP programs are flexible: enrolled loans can be long-term or short-term loans or lines of credit. The bank can recast, extend or refinance the loan to address the needs of the borrower. The protection of the reserved fund is available to entire pool of CAP loans enrolled and results in very little administrative time and training.