At a glance
From its website, read 2 Nov 2026Wisconsin Women's Business Initiative Corporation is a loan fund based in Milwaukee, Wisconsin. Its website describes microloans, SBA-backed loans and small-business loans. Stated loan amounts run from $1,000 to $350,000. Where it lends: Wisconsin: borrowers who live or operate a business in Wisconsin. It says it considers borrowers with low or no credit history. You can start an application online. It serves borrowers in Spanish.
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) 263-5450 source |
|---|---|
| welcome2wwbic@wwbic.com source | |
| Apply online | Page with the application link |
| Website | www.wwbic.com |
| Office (official list) | 1533 N RiverCenter Drive, Milwaukee, WI 53212 |
What their website says about applying
You will have 14 days from when you start your loan application to submit all required documents, so it’s important to have these documents ready before you apply.
sourceBefore you fill out a WWBIC loan application, you will be required to submit new WWBIC client forms at
sourceAt the end of our client forms, a link to our online loan
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.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Term: see their wording | The maximum term is 72 months (up to 120 months with SBA Community Advantage Guarantee) with no pre-payment penalty. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Term: up to 10 yr | The maximum term is 72 months (up to 120 months with SBA Community Advantage Guarantee) with no pre-payment penalty. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Low or damaged credit considered
Yes, but a guarantor may be required or other compensating factors needed to secure the loan.
source - Business plan required
Yes. Loan applications will not be processed without a written business plan.
source - Collateral required
Collateral: Acceptable collateral includes first lien on the business assets and personal guarantees of owner and spouse.
source
Only rules the lender's own pages state. Other requirements may apply.
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 | 1533 N RiverCenter Drive, Milwaukee, WI 53212 Directions (Google Maps) |
| Website | www.wwbic.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: high. Spanish support is shown only by a Spanish-language client form link. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | — | WWBIC is the state’s largest microlender – providing access to financial capital for business start-ups and expansions. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | SBA guaranty loans require another 4 weeks on average. | source |
| Small-business loans | $1,000 – $350,000 | Loans range from $1,000 to $350,000 | source |
Loan sizes
Loans range from $1,000 to $350,000
source
Range used for the size filter: $1,000 to $350,000
Service area
Wisconsin: borrowers who live or operate a business in Wisconsin
any U.S. citizen over the age of 18 who lives or operates their business in the state of Wisconsin is eligible to apply.
source
Borrower focus
- Not stated on the pages we read.
Languages
- Spanish
Formulario de Cliente WWBIC (Español)
source
Online application
Yes — the site links to an application. At the end of these forms, a link to our online loan application is provided.
source
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 interest rate and fees should I expect on your microloans and SBA-backed loans?
Their website does not state a rate for this. - 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$13 million in 17 awards from the U.S. Treasury's CDFI Fund, 1998–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $625,000 |
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2022 | CDFI Program, Financial Assistance | $510,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | CDFI Program, Financial Assistance | $520,000 |
| 2019 | CDFI Program, Financial Assistance | $650,000 |
| 2018 | CDFI Program, Financial Assistance | $1,000,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
| 2015 | CDFI Program, Financial Assistance | $1,000,000 |
| 2012 | CDFI Program, Financial Assistance | $953,806 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2008 | CDFI Program, Financial Assistance | $1,100,000 |
| 2004 | CDFI Program, Financial Assistance | $400,500 |
| 2001 | CDFI Program, Financial Assistance | $638,000 |
| 1999 | CDFI Program, Technical Assistance | $40,000 |
| 1998 | CDFI Program, Financial Assistance | $330,000 |
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 | $45.8M |
|---|---|
| Total liabilities | $33.2M |
| Net assets | $12.6M |
| Total revenue | $15.6M |
| Notes and loans receivable, net (Part X line 7) | $22M |
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 39-1597954, filed as “WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION”), 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) | $42M | $10.5M | $10.6M | $17.6M |
| Dec 2022 (990) | $45.6M | $10.7M | $9.6M | $19.4M |
| Dec 2023 (990) | $45.8M | $12.6M | $15.6M | $22M |
Total assets grew 9% from Dec 2021 to Dec 2023; notes and loans receivable rose 25%. 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 | $150,000 (174 loans) | All 7(a) lenders in Wisconsin: $232,600. Larger than the median loan of 42% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| SBA approvals, FY2023–24 → FY2025–26 | 73 → 48 | Rank among the 5 certified CDFIs in Wisconsin with SBA approvals in either period: 1 → 1. |
| Largest loan its website states | $350,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 53% of these 184. |
| Total assets, latest IRS Form 990 | $45.8M | Larger than 91% 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 42% |
| SBA approvals then vs now | certified CDFIs in Wisconsin with SBA approvals FY2023–2026 | 4 | rank 1 → 1 of 5 |
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 53% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Wisconsin | 11 | larger than 91% |
“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 174 SBA-backed approvals for Wisconsin Women's Business Initiative Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 174 7(a) loans as the lender: $28.2M in total (gross amount approved), median $150,000
By fiscal year: FY2020 9 · FY2021 22 · FY2022 22 · FY2023 37 · FY2024 36 · FY2025 33 · FY2026 15.
What actually happened
- Size of its 7(a) loans: half were between $100,000 and $218,750, median $150,000 (174 loans)
- Term of its 7(a) loans: median 120 months (10 years) (174 loans)
- Interest rate at approval on its 7(a) loans in FY2025–26: median 12.25%, half between 11.38% and 12.25% (48 loans; SBA's initial rate, before any change on a variable loan)
- Fixed or variable: 99% of its 7(a) loans had a fixed rate (174 loans)
- Young businesses: 69% of its 7(a) loans went to a startup or a business two years old or less (170 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) Community Advantage (90, 52%)
- 7(a) standard (84, 48%)
Borrower industries
NAICS sector, 3 or more loans.
- Accommodation and food services (40)
- Other services (except public administration) (28)
- Health care and social assistance (28)
- Retail trade (14)
- Arts, entertainment, and recreation (13)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Milwaukee County, WI (72)
- Dane County, WI (25)
- Waukesha County, WI (21)
- Kenosha County, WI (6)
- La Crosse County, WI (6)
- Rock County, WI (5)
- Outagamie County, WI (5)
- Racine County, WI (4)
- Brown County, WI (4)
- Washington County, WI (3)
- Walworth County, WI (3)
How this lender was matched in the SBA files: SBA lender ID 0188418: same name, state and city (SBA lists “Wisconsin Women's Business Initiative 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. Wisconsin Women's Business Initiative Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
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
- Milwaukee Economic Development CorporationLoan fund · Milwaukee, WICommercial real estate loans, Equipment loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Northwest Side Community Development CorporationLoan fund · Milwaukee, WISmall-business loansVerified
Work at Wisconsin Women's Business Initiative Corporation? Link to this page
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