Areas Served: Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix Counties
The Revolving Loan Fund (RLF) is a flexible source of loan funds for commercial and industrial projects.
The purpose is to encourage the creation of quality jobs and to increase the tax base.
Eligibility – Be located in, or propose to locate in, West Central Wisconsin (Counties of: Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix).
* – Create and/or retain jobs.
– 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.
Loan Overview – Loan size of $25,000+.
– 4% fixed interest rate.
– Deferrals of principal & interest or principal 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 greater than 20% ownership interest in the business.
Contact InformationRegional Business Fund, Inc.
Address: 800 Wisconsin Street
City: Eau Claire
State: Wisconsin
Website:
http://www.rbfinc.org./Programs/programs.html#RLF
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