Providing employment opportunities, small
businesses loans and quality, affordable housing for
Madison and Dane County residents.
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The Venture Debt Fund is a perfect vehicle for fast growth companies like Forte Research. It provided cash to support growth when we were too risky for traditional bank financing and allowed us to focus on our business instead of the fundraising process.

- Srini Kalluri
President & CEO& Chief Customer Experience Officer
Forte Research Systems, Inc.


  • Annual Meeting Message

    The goal of Madison Development Corporation (MDC) is to provide quality self-sustaining jobs through loans to small businesses and innovative businesses. MDC also provides affordable housing for Madison and Dane County residents.

  • 2014-2015 Accomplishments

    Loan Activity

    Small Business Loans: In 2014, MDC closed on $763,000 of CDBG-funded new direct loans to 9 small businesses. We also closed on 4 loans for $180,000 from our County-wide, Dane County Development Company fund. Through our Venture Debt Fund, we committed and closed on 5 loans, totaling $1,825,000. Strong loan volume has resulted in a growing loan portfolio for year-end 2015, continuing a three year trend.


Dane County Development

Dane County Development Company (DCDC) has loan funds for innovative and hard to finance businesses in Dane County. DCDC can lend up to $50,000 to qualifying businesses for working capital, inventory, equipment, leasehold improvements as well as real estate.


  • Location of business in Dane County
  • Business must achieve community benefit that might include job growth, opportunities for disadvantaged owners and employees, or undertaking improvement in lower income or rural areas.
  • Business must have a relationship with one of the 16 shareholder banks of DCDC.

For information contact:

David Scholtens,
Vice President - Lending
Phone: 608-256-2799 ext. 213
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Madison Development Corporation 550 W. Washington Ave. | Madison, WI 53703 Tel. 608-256-2799 Fax 608-256-1560
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