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For over 20 years Wisconsin Business Development Finance Corporation (WBD) has been helping busineses across the state access various government-related loan programs. WBD Lender Services was formalized to provide assistance to lenders and small busineses in pursuit of viable financing options. All five WBD 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.
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Through WBD Lender Services Lenders will receive program assistance, which can help leverage their time and resources while reducing risk. Borrowers will receive guidance on strengthening their financing request, structuring recommendations that willconserve working capital and promote stability, and services to facilitate accessing appropriate loan programs. |
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ACCESS WBD LENDER SERVICES:
Lenders may contact a WBD staff member for assistance in solving issues related to the Federal, State and local financing programs, during any phase of a project. Assistance is typically in the following areas:
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- Program Eligibility and Credit Criteria
- Processing Loan Applications
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Borrowers can also receive assistance from WBD staff, either directly or on a "referral" basis for the lender. These services include:
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- Intake Evaluation - at no cost to the lender or the borrower. After an initial review of information about the business its owners and the proposed project, WBD staff will address the viability of th eproject and identify available financing options. When a proposal does not seem viable as presented, WBD staff will provide recommendations on how to strengthen the financing request, along with a list of regional technical assistance resources that may be able to provide assistance.
- Loan Analysis Services - When a project seems viable but has issues that require additional research, the applicant has the option to enter into a $500 Loan Analysis Services Agreement to cover the cost of WBD staff investigating the specific eligibility and credit concerns. If the project then proves to be viable, this payment can be applied toward loan packaging services.
- Loan Packaging Services - Under a Loan Packaging Agreement, WBD staff are available to assist lenders in packaging loan applications. WBD will be responsible for compiling all necessary documentation, completing the Lender's analysis and other required forms, and assembling the application for lender review and signatures. When the lender submits the appliction, WBD staff will be available to assist in answering questions from program staff.
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