Wooruwi Business Program

Loan product for small businesses

Wooruwi Business Program

The Wooruwi Business Program is available to all Native American Entrepreneurs in the state of Wisconsin. Whether you’re a start-up, developing your business or expanding your business, we have something for everyone.  Ask about how you may be eligible for up to 50% forgiveness on your business loan when you complete your technical assistance plan with First Nations Community Financial.

The Wooruwi Business Loan designed for business start-up and expansion, working capital, or equipment.  The lending amount is $3,000 – $50,000.  The terms are 12 – 60 months with interest rates between 4%- 7.5% and a loan fee of $250.  This loan can cover up to 95% of business collateral with FNCF taking first lien position on all business assets.  Credit checks will be done on all with 2o% or more ownership.  Financial coaching with a loan officer is a requirement for receiving this loan.  Please note that for start-ups, completing our Indianpreneurship class is required for this loan.

First Nations Community Financial has elected to utilize the funds to help tribal members gain access to capital for their business regardless of which stage they are in.

This may include:

  • Start-Up Phase
  • Development Phase
  • Growth Phase
  • Expansion Phase

Benefits of the Program

Pre-Planning
Support & Guidance

Access to
Business Loans

Up to 50%
Loan Forgiveness

6-Months
Technical Assistance

How Do I Get Started?

Visit Website

Submit Inquiry

We Contact You

Let’s Get Started!

Below is a list of required documents for business to have as they apply for this program.  It is highly recommended for applicants to begin gathering these documents as soon as possible, as this will greatly speed up the loan process.

  • Business Plan (download a template here)
  • Owner (Guarantor)’s last two tax returns
  • Business’s last two tax returns (if applicable)
  • Completed application and application Supplement
    (all owners must complete the supplement)
  • Articles of Organization or Incorporation
  • Business Account information (account and routing numbers)
  • Last year’s financials and last quarter financials
    (profit and loss, cash flow, balance sheet) (if applicable)
  • 3-5 year projections (cash flow, balance sheet, profit and loss)
  • Proof of insurance
  • Schedule of debt
  • Tribal ID and Driver’s license for all guarantors
  • Past 3 months business bank statements (or personal bank statements for start-ups)
  • Information on equipment (sales listing, purchase agreement, vin number) (if applicable)
  • Documentation of business assets (if applicable)
  • Any other documents relevant to your business and request

Still have questions?

Contact us at (715) 284-2470 or email us at [email protected]

First Nations Community Financial is a state chartered not-for-profit Native Community Development Financial Institution (CDFI)

206 S Roosevelt Rd, Suite 123 Black River Falls, WI 54615

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*This institution is an equal opportunity provider.  In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160.