Next up in our article series: The Definitive Guide to Revolving Loan Funds, we are tackling the top 5 myths surrounding the Washington County, Wisconsin RLF. We look at misconceptions about qualifying for, getting approved for and repaying a loan. MYTH #1: Your financial information and plans become public knowledge when you obtain an [...]
RLF is the commonly-used acronym for a Revolving Loan Fund. It refers to a pool of capital available for small businesses in need of financing for development and growth projects. In general terms, businesses apply for loans and those requests are reviewed by an independent committee, much like a bank. If approved, the loan [...]
When talking about financing deals, the story can get lost in the facts and figures. We recently collaborated with MBW of Slinger, Wisconsin to help them move forward with their ambitious growth plans. To understand why you should care, you really need to know the type of company MBW is, the impact they have had [...]
For 32 years, Dawn and Art Hahn led and grew Slinger, WI-base Weld-Fab Manufacturing into a thriving business. In a win for the Hahns, the Washington County community and the employees of Weld-Fab, they recently sold their business to fellow locals with extensive roots in manufacturing. With the help of financing from EDWC’s Impact Loan [...]
It is always a good day when we help close a deal that leads to the realization of a business owner's dream. In a year that was full of challenges, it was doubly special in late 2021 to help Housewares Distributors, Inc. (HDI) secure the financing necessary to fuel their expansion plans. Getting the Deal [...]
The development of downtown Hartford, Wisconsin got a major boost this past December as EDWC joined forces with Forte Bank, HADC and the City of Hartford, and Washington County to help finance plans for Brewed Omen Tasting Room. The new gathering spot, set to open Memorial Day weekend in 2022, will be located in [...]
As a child, Dr. Emma Dodge, DDS was a patient of long-time Hartford dentist, Dr. Scheunemann. She was greatly influenced by Dr. Scheunemann and even declared to him that she intended to become a dentist. Dr. Emma made good on that prediction and along with her husband, Dr. Ryan Dodge, DDS purchased Dr. Scheunemann’s [...]
Inflationary pressures make this question more than a “gut check.” Rising supply chain costs – if you can even find the inputs you require – are all too real. Vendors are tightening payment standards; interest rates are on the move upward; and federal stimulus is only making matters more frenzied. So, if your company was [...]
“Wow, you don’t know what you don’t know!” commented one CFO after we just fleshed out how select incentives could accelerate CapEx he had planned. My response, “But, now you do.” Here are five steps you can take to remove complexity and navigate to an effective package. Step 1 – Shift Your Thinking Savvy [...]
