Wisconsin Banking Update
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Madison Development Corp. Making Small Loans
Posted on March 14th, 2010 No commentsThe Madison Development Corp., a nonprofit founded in 1977 by then-Mayor Paul Soglin, has been able to make loans to start-up or early-stage businesses that otherwise would not meet conventional bank loan standards in this economic environment. The average loan size in 2009 was $60,000, with interest rates set to match commercial bank rates. Read the Wisconsin State Journal article.