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Minority Financial Resources

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The following are known financial resources available to minorities. For technical assistance be sure to see our Minority Technical Assistance page.

In addition to these minority listed resources, please refer to the General Financial Resources and General Technical Resources pages.

[ Minority Programs ]

Minority Programs

NATIVE AMERICAN CAPITAL VENTURE FUND -- Native American Capital is a newly created venture fund that plans to target investment toward Native American enterprises operating in traditional markets such as government contractors, gaming businesses, and firms providing health care on reservations. The firm, which hopes to raise $50 million in capital, is targeting early stage ventures seeking investments in the range of $1 to $3 million. For more information call (301) 587-9003.

PHENOMENELLE ANGELS FUND -- Phenomenelle Angels Fund I, LP is a new, early stage fund that invests in women and minority owned or managed businesses in Wisconsin and the Midwest. Qualifying businesses must have at least one woman or an ethnic minority holding substantial ownership or in an executive (C-level) position. Investors are limited to women who are accredited investors, and select entities. We invest in exceptional management teams that exploit proprietary technology to create breakthrough applications in the following market sectors: Information Technology, Life Sciences, Communications and Consumer Goods and Services. For more information call (608) 441-8315 or email info@phenomenelleangels.com.

SBA: LOAN PREQUALIFICATION -- Great Lakes Asset Corporation located in Green Bay is an authorized lender to prequalify women, minorities, veterans, and disabled persons business applicants loans for up to $250,000 or less analyzed and potentially sanctioned by the Small Business Administration before they are taken to lenders for consideration. The program focuses on the applicant's chracter, credit, experience, and reliability rather than assets. For more information call (920) 499-6444.

WHEDA: LINKED DEPOSIT LOAN SUBSIDY (LIDL) -- Administered by the Wisconsin Housing and Economic Development Authority (WHEDA). This program offers women and minority owned and operated businesses a 2 year interest rate subsidy on the portion of a new bank loan of $10,000 to $99,000 that covers land, building and equipment. Contact WHEDA (Madison office) 1-800-334-6873, (Milwaukee office) 1-800-628-4833.

WI COMMERCE: MINORITY BUSINESS DEVELOPMENT LOAN -- The State Department of Commerce Bureau of Minority Business Development offers low intrest loans for real estate, equipoment, or working capital. Loans may be made for 5 to 15 years depending on the loan type. Businesses must be 51% controlled, owned, and actively managed by minority group members, and the project must retain or increase employment. For more information contact Mary Perich at (414) 220-5367.

WISCONSIN WOMEN’S BUSINESS INITIATIVE COPORATION (WWBIC) -- Offers micro loans to businesses owned by women, minorities, and low-income individuals. Also offers training and technical assistance. Contact the Madison office at (608) 224-1404, or the Milwaukee office at (414) 263-5450.