By Paul Schmitt
The Door County Community Foundation has made an additional $250.000 of business capital available to local entrepreneurs through an expansion of its COIN Micro-Loan Program. COIN (Community Opportunity Investment Network) was formed to stimulate economic activity that creates new jobs in Door County. President and CEO Bret Bicoy says COIN will benefit prospective businesses that may have been turned down by banks in the past.
Bicoy says although there is no minimum or maxim um request, the average loan will be between $15,000 and $25,000. During the first stage of the COIN loan program by Door County Community Foundation, two small businesses have already paid back loans in full with two others on schedule with their payments, according to Bicoy. For more information on the COIN Micro-Loan Program, go to www.InvestDoorCounty.org