Areas Served: Sheldon County
SCDC Revolving Loan Fund (RLF) A loan pool of in excess of $1,800,000 is available to fund new or existing industrial and commercial projects in Sheldon County, Iowa.
Projects are evaluated on the local economic benefits potential for the community.
Projects must be unable to obtain full conventional financing.
A maximum of one third of the funds can be obtained from the revolving loan fund.
Applications are excepted at any time and are reviewed by the SCDC RLF Board.
SCDC/City of Sheldon Redevelopment Incentive Fund (RIF) The RIF is designed to aid in the refurbishing and repair of building facades or storefronts.
Eligible renovation activities of commercial buildings include the replacement of awnings, signage, windows, doors and masonry repair.
Forgivable loans are available for qualifying projects up to 40% of project coSt. Applications are accepted at any time and reviewed by the SCDC RIF Committee.
O’Brien County Revolving Loan Fund A loan pool that is available for projects (manufacturing, distribution, service, retail and wholesale) within the county.
A minimum of $7,500 per job created is available.
Qualified applicants must be able to provide a minimum of 70% of the project costs via equity and additional financing.
Loan terms up to 10 years and variable interest rates are determined by the RLF Committee.
Sioux County Revolving Loan Fund A $5,000,000 loan pool can provide financing up to 30% of project cost or $100,000 whichever is lower.
Maximum participation will be $5,000 per job created within two years.
Interest rates depend on the term of the loan (Max. 10 yrs) Participation is limited to industrial or commercial projects located in Sioux County (includes Sheldon Industrial Park).
Contact InformationSheldon Chamber and Development Corporation
Address: 416 9th Street
City: Sheldon
State: Iowa
Website:
http://www.sheldoniowa.com/Financial%20Assistance.html
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