Frequently Asked Questions

What kind of loans do you offer?
Do you have grants?
I want to relocate my business. What incentives does MADC or the City have to offer?
Where do I find a list of city properties for sale?
What other financing options are there?

What kind of loans do you offer?
MADC makes loans in partnership with banks to help finance the purchase and renovation of buildings, new construction, and equipment. Interest rates on MADC loans are below market and MADC generally subordinates its collateral position to the participating bank.

Do you have grants?
MADC does not offer grants for starting a business, however the City of Middleton has a very strong Tax Increment Finance program. Contact Mike Davis, City Administrator/Director of Community Development, at 608/821-8358 or mdavis@ci.middleton.wi.us for more information.

I want to relocate my business. What incentives does MADC or the City have to offer?
MADC offers financial resources to businesses in partnership with conventional lenders. You may also contact the Wisconsin Department of Commerce for information on business tax credits. Contact Kathy Heady, Regional Economic Development Manager, 608/266-9944 or kathy.heady@wisconsin.gov.

Where do I find a list of city properties for sale?
Listings of available properties and buildings for lease or sale in Middleton can be found at www.zoomprospector.com.

What other financing options are there?
Financing options, in addition to traditional bank loans, can include government loan or guarantee programs offered from federal, state, and local governments. Government loan programs usually require a bank to be involved in the project as part of the application for financing from the government entity.

The most popular business loan guarantee program is from the federal U.S. Small Business Administration. The U.S. Small Business Administration (“SBA”) provides loan guarantees of bank loans to small businesses. The SBA also offers the 504 Debenture Program, which provides long-term, fixed-rate loans for owner-occupied business real estate purchases or construction and equipment purchases. The 504 Debenture Program will finance as much as 40% of the project cost. The bank and the borrower provide the remaining 60%. The website for a local provider of 504 Debenture loans is www.wbd.org.

The federal U.S. Treasury Department has established federal tax credit programs that may be used as sources of equity for down payments on projects or as low interest loans. The most widely recognized tax credit program is the New Markets Tax Credit (“NMTC”) Program. MADC provides a low interest rate loan in census tracts that meet the criteria established by the New Markets Tax Credit Program. Other Wisconsin organizations also provide loans or equity resources.

The State of Wisconsin has some business loan programs that, although very specific in terms of use, play a role in some transactions. The state loan programs are provided from the Wisconsin Department of Commerce or from a quasi-public/private agency called Wisconsin Housing and Economic Development Authority.