Downtown Oconomowoc Business Loan Pool 

 The Downtown Oconomowoc Business Loan Pool has been established to help revitalization efforts, increase capital investments and provide support for existing businesses in the Downtown Oconomowoc area.  The fund was established through a $300,000 commitment from First Bank Financial Centre and the City of Oconomowoc.  These organizations, in conjunction with the Oconomowoc Community Development Authority, have partnered together to promote business growth in Downtown Oconomowoc.

 Eligible Businesses Include:

Eligible Expenses:

·       How Do I Apply?

1.    1. Call the City of Oconomowoc Economic Development Department for business loan guidance at (262) 569-2185.

2.    2. Complete a business plan and submit a loan package.

3.    3. Your loan application will be confidentially reviewed by the Community Development Authority.  Loan approval generally takes 30 days once your loan package is submitted.

 Loan Structure:

The Oconomowoc Business Loan Pool is available when full private financing or credit is not available on terms and conditions which would permit project completion.  Interest rates are fixed at 1%.  Each loan is evaluated separately on collateral, risk and terms.  Loans are generally not less than $10,000 or more than $25,000. 

For more information, or to get started on your loan approval, please call (262) 569-2185, or email Bob Duffy at rduffy@oconomowoc-wi.gov.

 *Loan decisions are made by the Oconomowoc Community Development Authority.  The CDA and City Council will maintain the authority to modify, change or negate the terms or provisions of the loan requirements to best meet the objectives of the community and Downtown Oconomowoc.

Downtown Oconomowoc Business Loan Pool Provided By:

   In Conjunction With: