Brian Doudna, Executive Director
| 101 North Farwell Street. Suite 101 | 715.834.0070 or 1.800.944.2449 | ec.info@eauclaire-wi.com |
| PO Box 1108 | 715.834.1956 (fax) | |
| Eau Claire, WI 54702 |
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The Eau Claire Area Technology Loan Pool was created to foster economic growth and technology development in the Eau Claire area. The loan pool is a form of
non-traditional financing for high-tech companies. This loan pool provides loans that cannot be secured elsewhere because of the lack of collateral. The
loans will be at a reasonable interest rate and the funds may be used as equity to leverage other loans.
View Program Flyer
Eligibility
Technology companies whose principal company business is engaging in research, development, computer software, computer hardware, bio technology, optics or plastics. The technology company will have proprietary products/services and may have intellectual property. A qualified borrower must have its principal business operation located in either or both the City of Eau Claire and County of Eau Claire , Wisconsin . Businesses who are developing or currently possess proprietary products and/or services and who possess or will possess intellectual property shall be preferred borrowers. A loan made to a qualified borrower shall be upon terms and conditions as determined by the Loan Pool Committee.
Loan Approval Process
The loans will be approved or denied by a loan committee comprised of: (4 Positions) Financial Lenders, Eau Claire County Chairperson of the IDA, Gateway Industrial Park Corporation (1 Position), and a non-voting technology consultant. The maximum loan amount would be $250,000 and the minimum would be $50,000 per business.
Download Application
Participating Financial Institutions
The loan pool consists of nine primary financial institutions that have agreed to participate by providing at least $100,000 each toward the $1 million dollar loan pool.
The financial institutions include:
For Assistance
For assistance in the application process, please contact us.
View Program FlyerEligibility
Technology companies whose principal company business is engaging in research, development, computer software, computer hardware, bio technology, optics or plastics. The technology company will have proprietary products/services and may have intellectual property. A qualified borrower must have its principal business operation located in either or both the City of Eau Claire and County of Eau Claire , Wisconsin . Businesses who are developing or currently possess proprietary products and/or services and who possess or will possess intellectual property shall be preferred borrowers. A loan made to a qualified borrower shall be upon terms and conditions as determined by the Loan Pool Committee.
Loan Approval Process
The loans will be approved or denied by a loan committee comprised of: (4 Positions) Financial Lenders, Eau Claire County Chairperson of the IDA, Gateway Industrial Park Corporation (1 Position), and a non-voting technology consultant. The maximum loan amount would be $250,000 and the minimum would be $50,000 per business.
Download ApplicationParticipating Financial Institutions
The loan pool consists of nine primary financial institutions that have agreed to participate by providing at least $100,000 each toward the $1 million dollar loan pool.
The financial institutions include:
- American Bank
- Associated Bank
- Bank Mutual
- Charter Bank
- Northwestern Bank
- Peoples Bank of Wisconsin
- Royal Credit Union (RCU)
- S & C Bank
For Assistance
For assistance in the application process, please contact us.
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