Pierce County Economic Development Partners
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Beautiful Lake Pepin

The wide area of the lake stretches from Bay City, Wisconsin, in the north, down past Pepin, Wisconsin, and Reeds Landing, Minnesota, in the south, with Pepin being just upstream from where the Chippewa River enters the Mississippi. The villages of Maiden Rock and Stockholm border on the Wisconsin side, while Frontenac State Park takes up a large part of the Minnesota side. The largest city on the waterfront is Lake City, Minnesota.

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Wisconsin Business Development

3610 Oakwood Mall Dr. Suite 201 • P.O. Box 1417 • Eau Claire, WI 54701
United States
(P) (715) 834-9474  (P) (715) 834-9474  (F) (715) 834-9482

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Economic Development, Gold

Company Description:

The Finance Corporation was formed to assist small businesses in gaining access to capital in order to grow their businesses, provide job opportunities, and inspire their communities.

The cornerstone of WBD's success is the delivery of the SBA 504 product. Sold nationwide exclusively by not-for-profit Certified Development Companies (CDC), the SBA 504 loan fulfills the U.S. Small Business Administration’s (SBA) public policy objective to support small businesses and create jobs in our communities through long-term, fixed-rate financing.

In addition to the SBA product, we provide consulting and loan packaging services to banks and borrowers. This allows lenders access to other government sponsored lending programs without the investment in training. This program allows small businesses access to working capital and restructuring solutions. WBD’s expertise with the SBA 7(a) and Community Reinvestment Fund programs, along with other national, state, and local programs, proves valuable for projects that need more than fixed asset financing.

Since 1981, WBD has helped fund over 2000 businesses in Wisconsin and produced projects in 71 of 72 Wisconsin counties. This past year, WBD rose to become the 9th largest producer out of the 255 CDCs in the U.S. WBD participated in projects with over 100 Wisconsin lenders and served as an integral hub in every project. Additionally, WBD bridged the constant need for access to capital markets while keeping the interests of the lender, the SBA, and more importantly the small business at the forefront.