SUMMARY

 

The Revolving Loan Fund (RLF) is a flexible source of loan funds for commercial and industrial projects. The RLF provides gap financing to projects that provide an economic benefit to the community or region.

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FINANCE TERMS & CONDITIONS

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• Loan sizes of $25,000 and up.   

• 4% fixed interest rate.   

• Deferrals of principal (interest-only) payments may be allowed.   

• Repayment terms can be up to five years for working capital, seven to ten years for machinery and equipment, and ten years for real estate.   

• Collateral is required.   

• Unlimited personal guarantees are required for any owner with a 20% or greater ownership interest in the business.   

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ELIGIBILITY

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• Be located in, or propose to locate in, West Central Wisconsin (counties of: Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix).*   

• Provide an economic benefit which could include a business expansion; diversification of the economy; addition of new technology; creation or retention of quality jobs; and/or private capital investment in the region.

• Matching funds are required.

• Demonstrate ability to repay the loan.   

• Eligible activities include:  acquisition of equipment, machinery furniture and fixtures; new working capital; site improvements; land and building acquisition; new building construction or building renovation.   

 

*Some communities within these counties may not be eligible.