In January, Monona State Bank made a $750,000 investment in the Wisconsin Women’s Business Initiative Corporation (WWBIC) “Putting Dreams To Work” revolving loan fund.
Ted Gunderson, co-chairs of WWBIC’s Loan Committee, said, “This investment will allow WWBIC to continue advancing micro and small business loans in Dane County and throughout Wisconsin. In the past 10 years, I have seen WWBIC expand in depth and breadth of lending and they continue to advance their lending outreach as well as grow their loan portfolio while maintaining a strong loan repayment track record.”
According to a press release, WWBIC approved more than $8 million in loans and closed on $6.5 million in 2015.
