Technology Development Loans

Flexible lending options for new technology development Entrepreneurs often have no choice but to get creative when it comes to financing their new ventures. Concept development, prototype market analysis all need to be done before traditional investors will consider funding a new company. Recognizing the need to encourage new ideas in the state, WEDC offers lending options targeting the critical stages of new business development. WEDC’s loan funds are tailored to help innovative companies with promising economic futures clear the hurdles associated with bringing new concepts to market. View PDF Want to know more? Click to view the current guidelines and loan information for this program. Program Guidelines Loan Information How it works Companies that provide high-tech or innovative solutions with national or global market potential are eligible for WEDC Technology Development Loans, which are tailored to the evolving needs businesses face as they move through their development cycle. Among the criteria WEDC uses to make investment decisions are financial need, private investment leverage, management team experience, the potential to increase production, and the potential for long-term, positive economic impact in Wisconsin. WEDC financing is generally limited to 20% or less of an identified project or funding cycle. WEDC will require the balance of funding to be available prior to funding the loan. Terms WEDC will evaluate applications based on factors that include growth flow, secondary business impact. The loan term is typically five to seven years with an interest rate of 6%. Additional terms may include conversion of up to 20% of the loan amount to equity. Let's connect! Joey Frayne Technology Investment Manager [email protected] Companies and communities are finding success in Wisconsin. Success Stories Pivotal Health Success Stories Sift Healthcare Success Stories AIQ Solutions Innovation Investment Portfolio Browse the portfolio of funding recipients Learn More

Companies that provide high-tech or innovative solutions with national or global market potential are eligible for WEDC Technology Development Loans, which are tailored to the evolving needs businesses face as they move through their development cycle. Among the criteria WEDC uses to make investment decisions are financial need, private investment leverage, management team experience, the potential to increase production, and the potential for long-term, positive economic impact in Wisconsin.