• Feb 04, 22
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The Adams County Revolving Loan Fund provides business loan funds for Adams County, Wisconsin businesses: – To provide gap financing – To encourage investment – To encourage creation of permanent, year round jobs – To encourage retention and expansion of existing businesses – To attract new business – To encourage development of modern industrial technology, and a safe, healthful work environment in Adams County – The Adams County Revolving Loan Program is being capitalized with repayment of funds from a loan made in 1996 to an Adams County Business, under the Wisconsin Development Fund, administered by the Wisconsin Department of Commerce.

ELIGIBILITY – Adams County Revolving Loan Fund is limited to the boundaries of Adams County, Wisconsin.

– The Chief Executive Officer (or designee) of any business wishing to establish a new business or expand an existing business in Adams County may apply.

– Loans shall be available to eligible applicants for the following activities: Acquisition of land, buildings, and fixed equipment.

– Working capital and inventory.

– Site preparation and construction, reconstruction or installation of buildings and fixed equipment.

– Clearance and demolition, removal or rehabilitation of buildings and improvements.

-Payment of assessments for sewer, water, street and other public utilities if the provision of the facilities will directly create or retain jobs.

Loans shall not be available for the following activities: – Refinancing of existing debt.

– Reimbursement for expenditures made prior to loan approval.

– Land, buildings, or fixed equipment not essential to the business.

– Residential building construction or reconstruction.

– Routine maintenance.

CONDITIONS – Loans are subject to availability of Program Funds.

– Loan amounts from $25,000 to $200,000 will be considered.

– Interest rate may be fixed or graduated on a fixed schedule.

– In no case shall the interest rate be less than 3 percent or greater than 4 percent above the prime rate as published in the Wall Street Journal at the time the contract is prepared for signature.

– At least 1 full-time permanent position created or retained for every $20,000 of funds requested.





Contact Information
Adams County, Wisconsin
Address: P.O. Box 236
City: Friendship
State: Wisconsin

Website: http://www.adamscountywi.com/loan-fund.shtml

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