Milwaukee-based startup incubator FOR-M announced this week a new funding opportunity for startup founders.

The organization had launched a revolving loan fund, which will offer low-interest loans to founders who have previously received a FOR-M grant, or a grant from a similar WEDC-funded program like Yes Blueprint.

The revolving loan fund will provide up to $50,000 to founders who need to scale their businesses. Loan recipients will be selected by a panel of investors, who will also offer guidance and support to the loan recipients.