Micro-Loans for Entrepreneurs
We've partnered with local donors to offer micro-loans to provide capital to entrepreneurs so they can build their companies and create jobs in our community. COIN borrowers typically have been turned down by traditional banks because their businesses have little cash flow history - or the loans for which they qualify are at credit card like interest rates. COIN loans are available to people with great business ideas and strong character - at interest rates that are far below what would normally be available for a business with such limited history. COIN loans make it affordable for promising entrepreneurs to start or expand their business in Door County.
Nicolet National Bank is an integral partner in this program as the originator and administrator of all COIN loans. However, it is the financial backing of the Door County Community Foundation, Inc. which makes every COIN loan possible. The Community Foundation invested an additional $250,000 of business capital in the COIN program.
COIN is a component fund of the Door County Community Foundation, Inc., a 501(c)(3) public charity, your contribution is deductible to the fullest extent as allowed by law.
Business Mentoring Program
We're also utilizing the remarkable talent of business executives who have retired in Door County and are engaging them as volunteer mentors to help our new entrepreneurs become successful.
Businesses are generally started by people with an idea, product or service with which they are familiar and which they think others need. However, as familiar as these entrepreneurs are with their product or service, they often are less knowledgeable about the “business“ part of the new company. Unfortunately, this shortfall can lead to business failure. That's where a business mentor can help.
Consider volunteering your time to help these new and growing businesses in Door County achieve their goals. As a business mentor, your counsel will be an invaluable resource to the entrepreneurs of our community. If you're interested in volunteering as a mentor, contact email@example.com.