Micro Seed Fund

Description:

The Micro Seed Fund (MSF) is a loan funding opportunity designed to provide low cost loans, typically for start-up working capital needs for new businesses.

Loan Parameters:

The goal of the program is to remain as flexible as possible in working with the individual needs of applicants. Loan requests range from a minimum of $2,500 up to a maximum of $5,000.

Loans are provided on an unsecured basis with no collateral required. The interest rate is only 1% of the total loan amount per year and payable over the term of the loan. There is no prepayment penalty.

Eligibility Requirements:

Obtain the WCTC Small Business Certificate available exclusively through the WCTC Small Business Center. For more information on the certificate, contact WCTC Small Business Center Executive Director Russ Roberts at (262) 695-3468 or email.

Complete a comprehensive business plan with a minimum of 2 years of financial projections.

The applicant and guarantors, if applicable, will have no concurrent interest in any other project receiving assistance through the program.

How do I apply?

  • Step 1: Submit an application online by clicking on the register button below.
  • Step 2: WCTC Small Business Center Executive Director Russ Roberts will call/contact you to discuss the application process and completion of your business plan.
  • Step 3: Meet in-person with Nate Zastrow to present your business plan and certificate. Bring four copies of your business plan to the meeting along with one copy of your WCTC Small Business Certificate.

Any questions regarding the Micro Seed Fund program can be directed to Nate Zastrow.

Loan approval generally takes 10 business days once your loan package is submitted.

Apply