Revolving Loan Fund
Whether you’re planning to start a business or expand on the capacity of an existing business, we are here to support you.
About the program
The program is intended to assist small businesses with funding that may not be attainable through traditional lenders.
- Gap financing up to $35,000
- 6% interest rate
- Funding for multiple uses including operational capital, machinery & equipment, building renovation and bonding assistance
- $100 application fee
Ineligible business
- Speculative investment companies
- Real estate investment companies
- Lending institutions
- Gambling operations
- Non-public recreation facilitates
- Non-Profits
- Other businesses not serving the interest’s of the Community such as taverns, adult stores, payday loan, etc.
Contact: Emma Schultz-Vermillion, Business Development Specialist at eschultz-vermillion@aaccwisconsin.org
Partners
- Associated Bank
- Legacy Redevelopment Corporation
- Milwaukee Economic Development Corporation (MEDC)
- North Milwaukee State Bank
- North Shore Bank
- Town Bank
- Wisconsin Economic Development Corporation (WEDC)
- Wiscosin Women’s Business Initiative Corporation (WWBIC)
Testimonial
“Since becoming a member of the African American Chamber of Commerce they’ve supported me and helped me out with my endeavors 100%. They’ve also given me leads and connected me to business leaders that fit my mission and vision of my companies. AACC was also a sponsor for our Black Panther movie event and helped with promoting it and getting it out to their members and network. I have nothing but a ton of good things to say about AACC and I’m glad to be a member.”