CWED Start-up Loan Fund

Embrace Growth with the CWED Start-Up FundThe CWED Start-Up Loan Fund is not just about providing financial assistance; it’s about fostering an environment where new businesses can thrive. This program aims to help entrepreneurs focus on what truly matters - growth and operations. By easing the cash flow burden with low initial payments and facilitating the creation of a sustainable business model, they’re setting the stage for lasting success. CWED understands the journey from start-up to stability is a challenging one, which is why they offer loan conditions tailor-made for new ventures.

Tailored Loan Solutions for New BusinessesEvery start-up has its unique needs and vision for the future. With this in mind, CWED’s loan program offers flexibility: - A maximum loan amount of $35,000 and a minimum loan amount of $5,000 - A 3-year term, potentially preceded by an interest-only period, depending on your project - Interest rates kept low, between 0-3%, to support growth without overwhelming new businesses - An opportunity for loan forgiveness after two years of successful business operations

CWED’s eligibility criteria is designed to ensure that those who can benefit most from their support has access. To be eligible: - Your business must be within its first three years of operation or development. - A comprehensive business plan with three-year projections is essential. - Your local Economic Development office must recommend you, assuring your plan aligns with community growth goals. - The loan must serve a defined need, pushing your business forward. - Importantly, the business must be a new venture for you, not an existing operation taken over.

Connecting with CWEDReady to take the next step with your start-up in Oneida County? Contact OCEDC to explore how the CWED Start-Up Fund can support your vision at [email protected] or call us at 715-369-9110.

Explore www.cwedfund.com for more information on CWED.