• Feb 09, 22
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The Columbia County Revolving Loan Fund (RLF) is a flexible source of supplemental financing for businesses expanding or locating to Columbia County, Wisconsin.

This fund was created to enable businesses to grow, create jobs, and improve the local economy.

Since its inception in 1986, the RLF has loaned almost $5.7 million to 30 Columbia County businesses.

These businesses have added jobs and additional tax dollars to the local economy.

The RLF recycles dollars, lending principal and interest repayments back to other businesses in the county for the benefit of all.

For start-up businesses or companies needing capital to expand, the RLF can help.

The RLF provides an additional source of funds when others have been exhausted and can even increase private lender interest by reducing their risk exposure.

FINANCE TERMS & CONDITIONS Loan Amount €“ Loan amounts are always subject to availability of funds.

There is no set minimum or maximum, but generally loans should be for amounts greater than $25,000. Interest Rate €“ The rate may be fixed or graduated on a fixed schedule.

In no case shall the rate be less than four percent or greater than two percent above the Wall Street Journal prime rate at time of closing.

Below market interest rates may be available.

Term €“ The term of the loan cannot be longer than the term of private financing.

Maximum terms are: – Real Estate – 20 years – Equipment – 10 years – Working Capital – 7 years Collateral €“ Security is required.

This may include liens on business or personal assets.

Personal guarantees of the principal owners (more than 20 percent of the firm) will be required.

Repayment €“ A monthly repayment schedule is developed.

Interest and/or principal payments may be deferred one year if justified in the loan proposal.





Contact Information
Columbia County Economic Development Corporation
Address: 1800 Kutzke Road, Suite B
City: Portage
State: Wisconsin

Website: http://www.co.columbia.wi.us/columbiacounty/accounting/EconomicDevelopmentRevolvingLoanFund/tabid/372/Default.aspx

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