WisDOT DBE Loan Mobilization Program Announcement
As peak construction season will soon be here, we’re pleased to announce the Wisconsin Department of Transportation (WisDOT) has contracted with First American Capital Corp (FACC) and the American Indian Chamber of Commerce of Wisconsin (AICCW) to administer WisDOT’s DBE Loan Mobilization Program.
In summary, this program is designed to assist qualifying certified DBE firms in obtaining working capital loans to perform won transportation-related construction projects through this WisDOT loan guarantee program.
With our history of providing contract financing and experience working with DBE firms, this program fits well as an extension of our existing contractor credit services. With our industry experience, we’re confident we’ll bring a fresh approach to this previously underutilized program
by combining the capital with technical assistance to maximize the DBE firm’s profitability.
We’ll be presenting the details and specifics of this program at the upcoming Annual DBE Workshop and Networking event on March 3 (click here for event info), but certainly, feel free to contact us at your convenience if you have any questions prior. Please watch for regular updates about this program and other initiatives WisDOT and other industry partners are undertaking to increase DBE participation levels on WisDOT projects.
~Bill Beson, Director of Lending