By Tim Kowols
Despite it becoming easier for entrepreneurs to get loans from the bank, the Door County Community Foundation still hopes to help others realize their dreams. In cooperation with the Door County Economic Development Corporation, the Door County Community Opportunity Investment Network (COIN) helps provide micro-loans to businesses that may struggle to get financing through more traditional means. The Door County Community Foundation recently allocated an additional $250,000 for the program. President and CEO Bret Bicoy says the loans are based a lot on the character of the entrepreneur.
Bicoy says the recipients of the COIN program funds have always been able to pay back their micro-loans. You can learn more about Door County COIN online with this story.