First Nations Community Financial Launches New Business Program Across Wisconsin
Curtis DeCora | April 1, 2023
Black River Falls Wis - On March 1, 2023 First Nations Community Financial launched their new and innovative business program across the state of Wisconsin. First Nations Community Financial is a Native CDFI, also known as Native Community Development Financial institution, and operates as a 501(c)3 non-profit organization.
The mission is to deliver exemplary services by providing financial education, training, and access to capital to support sustainable business and community development while improving the quality of life within Wisconsin Native communities.
First Nations Community Financial was a recipient of two Wisconsin Department of Administration grants; Diverse Business Investment Grant, and Diverse Business Assistance Grant. The grand total is $2.85M in grant funds used to create programs, services, supports and resources for Native entrepreneurs in the state of Wisconsin.
The Wooruwi Business Program
The program has been coined, the Wooruwi Business Program which is unique in the respect that it provides the traditional business loan to businesses in various phases; start-up phase, development phase, growth phase, and expansion phase. Where the program differentiates itself from the others in the state of Wisconsin is that First Nations Community Financial incorporates a technical assistance plan. Once our clients reach their business goals in their custom plan (based on 6-months) may be eligible for up to 50% loan forgiveness.
The Wooruwi Business Program is open to any Native American residing in the state of Wisconsin that wishes to start or develop their business.
Benefits of the Program
The primary benefits of the Wooruwi Business Program includes pre-funding services which include free Native-American focused business courses, solidifying your business idea, conducting market research, developing your financial statements, and assistance writing your business plan. Once a client is funded by First Nations Community Financial, a technical assistance plan is established to help shore up areas that need the most improvement and get set up with a business mentor to work on sharpening business skills.
Start Your Own Business
Are you wanting to start a business but lack expertise in areas revolving around legal issues, accounting, taxes, licensing, or marketing? First Nations Community Financial has support, resources, training and access to capital available to help you become the next successful Native entrepreneur in the state of Wisconsin.
For more information on the Wooruwi Business Program, interested individuals can contact First Nations Community Financial for more information, or visit www.firstnationsfinancial.org and submit a loan inquiry to get the process started.
First Nations Community Financial
206 S Roosevelt Rd, Suite 123
Black River Falls, WI 54615
Phone: (715) 284-2470
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