• P.O. Box 620580
  • Middleton, WI 53562

MADC Loan Program

As the Mission Statement describes, the focus of MADC is to “promote economic development with the City of Middleton utilizing loan programs to expand and develop business opportunities with qualified companies”.  Over the years MADC has focused on originating a wide variety of loans through referrals from various partnerships in the community including area banks, real estate developers, and  introductions from City and Chamber of Commerce officials.  Regardless of where a loan or business opportunity originates, it is the intent of MADC to develop a loan program best suited to provide financing tailored to fit the needs of our borrowers.

Starting the Process:

The President of MADC is the key contact person and is the starting point for any loan request. Whether in the preliminary conceptual stages or a bit further down the development stages, contact with MADC can provide helpful advice to a prospective borrower on how a loan could be structured. The MADC experience and knowledge of the city and local environment can be an invaluable resource.

MADC does not use the City of Middleton to process or originate loan requests.   MADC is an independent loan program that operates on a confidential basis.

Information for the Loan:

No two loan requests are ever the same. Nor are the Borrowers. MADC works with each prospective borrower to fully understand the needs and financing requirements best suited for the particular project. As with any financial institution, information used in our underwriting process includes a business plan in executive summary format that details the financing request, along with financial projections and a project summary.  Tax returns may also be requested as part of the underwriting process.

Most of the information can be transmitted electronically to expedite the process. Knowing your business plan and its specific financing requirements are important to getting started. And knowing the role your business will play in the Middleton community is also important!

Types of Loan Programs:

Since its inception, MADC has strived to provide loans and terms customized to the needs of our borrowers. Our loan programs consists of five basic categories:

Real Estate Financing – used for the purchase of land to be developed, or the investment into a structure or building intended for business use

Equipment Purchases – for instance, technical or manufacturing machinery, or vehicles used for the operation of the business

Leasehold Improvements – the physical remodeling or expansion of a manufacturing facility, office structure, commercial structure.

Business Term Loans – a standard commercial loan often used for start up companies to fund initial operations, or the expansion or acquisition of additional resources of a company.

Interim Financing – a smaller short-term loan to cover a firm’s cash needs until a larger, long-term, loan is finalized. Sometimes referred to as ‘bridge’ financing.

Loan Structure:

MADC works like most lending institutions by offering business loans properly structured around collateral and repayment terms. Our loans typically require monthly principal and interest payments and can amortize up to 10 years depending upon the collateral.

Interim financing is typically done in conjunction with a local bank.  These loans are for a defined period – usually for a term of less than 12 months – with a defined exit strategy.

Collateral to secure the MADC loan is either a secured interest in a piece of equipment or a junior real estate position. All loans require a personal guarantee of the owners.

Loan fees are nominal and the Borrower is responsible for any legal fees necessary for preparing the loan documents for MADC.


Once the preliminary information is reviewed, the applicant is often invited to a MADC meeting to present the request and answer questions about the project before the Board. The intention is to provide a timely and responsive answer to any loan request.

Get Started Today:

MADC is available via simple email, or a phone call, to discuss an idea or conceptual plan that involves an existing, or a business relocating to Middleton. Our pledge is to do the best to offer our services and connect you with many other resources we have developed that may assist you and your company.