At a glance
From its website, read 2 Nov 2026Milwaukee Economic Development Corporation is a loan fund based in Milwaukee, Wisconsin. Its website describes commercial real estate loans, equipment loans, SBA-backed loans and 1 other loan type. Where it lends: Milwaukee, Kenosha, Racine, Ozaukee, Walworth, Waukesha and Washington Counties.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (414) 269-1440 source |
|---|---|
| Website | www.medconline.com |
| Office (official list) | 757 North Broadway, Suite 600, Milwaukee, WI 53202 |
What their website says about applying
Complete our Loan Information Form and a MEDC Relationship Manager will contact you.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 757 North Broadway, Suite 600, Milwaukee, WI 53202 Directions (Google Maps) |
| Website | www.medconline.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan size range applies to Capital Access Program loans enrolled by partner lenders; no online application or non-English service was found. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | MEDC provides funds to for-profit businesses for a variety of purposes, such as business acquisition, expansion, equipment, real estate purchases, building and leasehold improvements, and new construction. | source |
| Equipment loans | — | MEDC provides funds to for-profit businesses for a variety of purposes, such as business acquisition, expansion, equipment, real estate purchases, building and leasehold improvements, and new construction. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | We're also a Community Development Entity, SBA Community Advantage Lender, EDA Economic Adjustment Assistance RLF Operator, and Community Development Block Grant Operator. | source |
| Small-business loans | — | MEDC provides creative, flexible, and relevant financing to help entrepreneurs, and small and medium-sized businesses discover success. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Milwaukee, Kenosha, Racine, Ozaukee, Walworth, Waukesha and Washington Counties
MEDC provides responsible, affordable funding to businesses throughout Milwaukee, Kenosha, Racine, Ozaukee, Walworth, Waukesha, and Washington Counties.
source
Counties this matches: Kenosha County, WI, Milwaukee County, WI, Ozaukee County, WI, Racine County, WI, Walworth County, WI, Washington County, WI, Waukesha County, WI
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your commercial real estate loans and equipment loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$11.3 million in 7 awards from the U.S. Treasury's CDFI Fund, 2009–2024 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,735,000 |
| 2022 | CDFI Equitable Recovery Program | $3,718,258 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2012 | CDFI Program, Financial Assistance | $1,053,806 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $750,000 |
New Markets Tax Credit allocations
$175 million in 6 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2013 | New Markets Tax Credit allocation | $28,000,000 |
| 2012 | New Markets Tax Credit allocation | $40,000,000 |
| 2010 | New Markets Tax Credit allocation | $14,000,000 |
| 2009 | New Markets Tax Credit allocation | $25,000,000 |
| 2008 | New Markets Tax Credit allocation | $50,000,000 |
| 2005 | New Markets Tax Credit allocation | $18,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $133M |
|---|---|
| Total liabilities | $46.4M |
| Net assets | $86.6M |
| Total revenue | $5M |
| Notes and loans receivable, net (Part X line 7) | $93.9M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 23-7129398, filed as “MILWAUKEE ECONOMIC DEVELOPMENT CORP”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $129.9M | $103.5M | $4.5M | $79.4M |
| Dec 2022 (990) | $134.2M | $94.1M | $4M | $80.9M |
| Dec 2023 (990) | $133M | $86.6M | $5M | $93.9M |
Total assets grew 2% from Dec 2021 to Dec 2023; notes and loans receivable rose 18%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $208,600 (18 loans) | All 7(a) lenders in Wisconsin: $232,600. Larger than the median loan of 62% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| SBA approvals, FY2023–24 → FY2025–26 | 6 → 6 | Rank among the 5 certified CDFIs in Wisconsin with SBA approvals in either period: 2 → 2. |
| Total assets, latest IRS Form 990 | $133M | Larger than 100% of the 11 other certified loan funds and venture funds in Wisconsin with a matched Form 990 (median $10.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 62% |
| SBA approvals then vs now | certified CDFIs in Wisconsin with SBA approvals FY2023–2026 | 4 | rank 2 → 2 of 5 |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Wisconsin | 11 | larger than 100% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 20 SBA-backed approvals for Milwaukee Economic Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 18 7(a) loans as the lender: $3.8M in total (gross amount approved), median $208,600
- 2 504 projects as the third-party (first-lien) lender
By fiscal year: FY2020 3 · FY2021 3 · FY2022 2 · FY2023 2 · FY2024 4 · FY2025 2 · FY2026 4.
What actually happened
- Size of its 7(a) loans: half were between $150,000 and $277,500, median $208,600 (18 loans)
- Term of its 7(a) loans: median 84 months (7 years) (18 loans)
- Fixed or variable: 78% of its 7(a) loans had a fixed rate (18 loans)
- Young businesses: 33% of its 7(a) loans went to a startup or a business two years old or less (18 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (11, 55%)
- 7(a) Community Advantage (7, 35%)
- 504 projects (as the third-party lender) (2, 10%)
Borrower industries
NAICS sector, 3 or more loans.
- Manufacturing (5)
- Other services (except public administration) (4)
- Health care and social assistance (3)
- Accommodation and food services (3)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Milwaukee County, WI (15)
- Waukesha County, WI (3)
How this lender was matched in the SBA files: 504 third-party lender name: same name, state and city (SBA lists “Milwaukee Economic Development Corporation”); SBA lender ID 0188315: same name, state and city (SBA lists “Milwaukee Economic Development Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Milwaukee Economic Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Milwaukee and Wisconsin
- ACTS LENDING INCLoan fund · Milwaukee, WIOfficial list only
- Brewery Credit UnionCredit union · Milwaukee, WIAuto / vehicle loans, Small-dollar / emergency loans, Home mortgages, Personal / consumer loansVerified
- Hmong Wisconsin Chamber of CommerceLoan fund · Milwaukee, WICommercial real estate loans, Small-dollar / emergency loans, Small-business loansVerified
- Holy Redeemer Community Credit Union of SE Wisconsin, IncCredit union · Milwaukee, WIOfficial list only
- Legacy Redevelopment CorporationLoan fund · Milwaukee, WICommercial real estate loans, Affordable housing development loans, Microloans, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Northwest Side Community Development CorporationLoan fund · Milwaukee, WISmall-business loansVerified
- Wisconsin Women's Business Initiative CorporationLoan fund · Milwaukee, WIMicroloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
Work at Milwaukee Economic Development Corporation? Link to this page
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