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County has its 1st business loan applicant

Outagamie County created a revolving loan fund for small businesses this year, and a Grand Chute company is already applying for some money.

Technical Prospects provides Siemens Medical Imaging parts across the country and the world.

CEO Jeremy Probst says they're asking for $70,000 to add a new line of equipment, for training.

County Executive Tom Nelson says they want to help start-ups, and existing businesses, expand. He says as far as he knows, there's only one other county in Wisconsin that has a similar loan fund in place. He says the program could be a model for the state and the country.

The county has $325,000 in the fund.

Nelson says the application and review process is simple, and companies can get an answer, shortly.

posted : January, 9th by WHBY


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