Wooruwi Business Program
Getting Started
The Wooruwi Business Program is available to all Native American Entrepreneurs in the state of Wisconsin. Whether you’re a start-up, developing your business or expanding your business, we have something for everyone. Ask about how you may be eligible for up to 50% forgiveness on your business loan when you complete your technical assistance plan with Cedar Growth.
What is the Wooruwi Business Program?
The Wooruwi Business Program is designed to support both new and existing businesses by providing comprehensive education, financial resources, and ongoing coaching. Participants enroll in structured business classes that equip them with essential skills in financial management, operations, and strategic growth. Upon completion, clients become eligible for the Wooruwi loan, tailored to help launch or expand their business. Throughout the program, business coaching ensures that entrepreneurs receive continuous guidance and support as they work toward long-term success.
Who is eligible for this program?
This program is available for all Native American entrepreneurs in the state of Wisconsin.
Is my business ready for this program?
This program is designed for businesses in all phases, this may include:
- Start-Up Phase
- Development Phase
- Growth Phase
- Expansion Phase
How long do I have access to Technical Assistance?
Participants in the program have access to 6 months of technical assistance.
What are the terms of the Wooruwi Business Loan?
The Wooruwi Business Loan designed for business start-up and expansion, working capital, or equipment. The lending amount is $3,000 – $50,000. The terms are 12 – 60 months with interest rates between 4%- 7.5% and a loan fee of $250. This loan can cover up to 95% of business collateral with FNCF taking first lien position on all business assets. Credit checks will be done on all with 2o% or more ownership. Financial coaching with a loan officer is a requirement for receiving this loan. Please note that for start-ups, completing our Indianpreneurship class is required for this loan.
Indianpreneurship Classes
As part of the program, this class helps participants navigate the challenges of entrepreneurship while building a strong foundation for long-term success.
Wooruwi Business Loans
From start-up costs for new businesses to working capital for expanding existing businesses, Cedar Growth can help you access the funds to achieve success.
How It Works
1. Submit Inquiry
The first step in joining the Wooruwi Business Program is completing a brief inquiry form, which provides Cedar Growth with key details about your business, goals, and financial needs. This form helps us understand where you are in your business journey and how we can best support your growth.
2. We Contact You
Once your inquiry is submitted, our team reviews your information to assess eligibility and determine how the program can align with your business objectives. A Cedar Growth representative will then reach out to discuss your goals, answer any questions, and outline the next steps in the enrollment process.
3. We get Started
The program officially begins with an initial meeting with a dedicated business coach, where you will review key materials, including your business plan, financial projections, and growth strategy. This session helps establish clear objectives and ensures you have a solid foundation before progressing through the program’s business education and financial resources.
What do I need to start?
Below is a list of required documents for business to have as they apply for this program. It is highly recommended for applicants to begin gathering these documents as soon as possible, as this will greatly speed up the loan process.
- Business Plan (download a template here)
- Owner (Guarantor)’s last two tax returns
- Business’s last two tax returns (if applicable)
- Completed application and application Supplement
(all owners must complete the supplement) - Articles of Organization or Incorporation
- Business Account information (account and routing numbers)
- Last year’s financials and last quarter financials
(profit and loss, cash flow, balance sheet) (if applicable)
- 3-5 year projections (cash flow, balance sheet, profit and loss)
- Proof of insurance
- Schedule of debt
- Tribal ID and Driver’s license for all guarantors
- Past 3 months business bank statements (or personal bank statements for start-ups)
- Information on equipment (sales listing, purchase agreement, vin number) (if applicable)
- Documentation of business assets (if applicable)
- Any other documents relevant to your business and request
Still have questions? Contact us at (715) 284-2470 or email us at Ashley.Rice@ho-chunk.com