Wisconsin Women’s Business Initiative Corp. Wins SBA National Mission-focused Lender Award

Release Date: 
Wednesday, March 22, 2017
Release Number: 
Shirah Apple (414) 297-1096/rachel.apple@sba.gov

MILWAUKEE—SBA announced its National Small Business Week award winners today, recognizing the Wisconsin Women’s Business Initiative Corporation (WWBIC) as the national Jody C. Raskind Lender of the Year Award winner.Named for the long-serving head of SBA’s micro-loan program, this award recognizes a lender with extraordinary commitment to the creation, growth and expansion of small businesses in underserved markets with a demonstrable impact on the communities it serves.

Wendy Baumann, WWBIC President/Chief Visionary Officer

“WWBIC’s embrace of the SBA micro-loan and Community Advantage programs has delivered millions of dollars to thousands of underserved business owners throughout Wisconsin. Their work has changed lives and communities for the better and helped SBA fulfill its commitment to small business success,” says Eric Ness, Wisconsin’s SBA District Director.  WWBIC and its staff members also received state awards in the Women’s Business Center of Excellence and the Women in Business categories. 

WWBIC was established thirty years ago in 1987.  Since then, they have made $53.2 million in loans, created nearly 10,000 jobs, and have assisted 4385 small businesses and 57,405 individuals.  In addition to being an SBA micro-lender and Community Advantage lender, WWBIC is also an SBA Women’s Business Center.

WWBIC and other national awardees will be honored during  National Small Business Week events in Washington, D.C. on April 30 and May 1.  SBA’s Wisconsin office will celebrate all of its state winners at the 32nd Annual Awards Breakfast in Milwaukee on May 5.   The community is invited.

About theU.S. Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. For more information on SBA’s resources and programs in Wisconsin, visit  www.sba.gov/wi.