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MEDC logo — Lending businesses the power to succeed

MEDC

Lending businesses the power to succeed

Founded 1971 United States Milwaukee, United States 37 employees Grant Total: $3.72M Finance, Financial Services +1

General Information

Company Name MEDC
Founded Year 1971
Location United States Milwaukee, United States
Employees 37
Industries Finance, Financial Services, Lending and Investments
Funding Stage Grant
Social

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About MEDC

MEDC (Milwaukee Economic Development Corporation) is a financial services startup that has been lending businesses the power to succeed since its founding in 1971. Operating as a non-stock, not-for-profit lender, MEDC serves businesses in the City of Milwaukee and has expanded its service area to include the seven surrounding counties of Milwaukee, Kenosha, Racine, Ozaukee, Walworth, Waukesha, and Washington, collectively known as the "Milwaukee 7 Region." The company leverages funding from both private and public sources to finance projects or businesses in hard-to-serve or underserved markets. In April 10, 2023, MEDC secured a substantial $3.72 million grant investment from the Community Development Financial Institutions Fund, bolstering its support for the local business ecosystem. This recent investment is indicative of the continued confidence and support from organizations committed to fostering economic growth and resilience in the region. With a strong emphasis on addressing the needs of underserved markets, MEDC's mission aligns with the broader goal of driving economic development and prosperity in the United States.

Taxonomy: lending, finance, non-profit, community development, underserved markets, small business, economic development, Milwaukee, Wisconsin, SBA, CDE, EDA, CDFI, business loans, regional development

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $3.72M 1
Community Development Financial Institutions Fund
10 Apr 2023

MEDC Alternatives & Competitors

MEDC vs
Mountain West Small Business Finance
Mountain West Small Business Finance United States

We empower small business owners to succeed through our lending and educational programs.

50 employees
Financial Services, Lending and Investments
MEDC vs
Lendistry
Lendistry United States

Empowering growing small businesses with innovative financing choices

Venture round
295 employees
Finance, Fintech
MEDC vs
WBD Inc.
WBD Inc. United States

Helping small businesses and lending institutions utilize SBA lending programs

67 employees
Finance, Financial Services

FAQ About MEDC

Lending businesses the power to succeed
MEDC was founded in 1971.
MEDC is headquartered in Milwaukee, United States.
MEDC operates in Finance, Financial Services and Lending and Investments. Its work centres on lending, finance, non-profit and community development.
MEDC has approximately 37 employees.
MEDC has completed 1 funding round, raising a total of $3.72M. The latest funding stage is Grant.
Top alternatives and competitors to MEDC include Mountain West Small Business Finance, Lendistry, WBD Inc., VEDC, ART Business Loans. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MEDC and Mountain West Small Business Finance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for MEDC, https://bouncewatch.com/company/medc-1, updated 30 November 2024. When citing, please name BounceWatch and link this page.

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