Areas Served: City of Two Rivers
Two Rivers offers competitive financing to help fund new businesses or expansion projects.
The city’s revolving loan fund has helped more than 25 companies expand operations and create jobs in Two Rivers.
The fund collects about $400,000 in loan repayments every year.
These dollars can then be used to support other growing firms with loan amounts up to $500,000. Revolving Loan Fund Requirements The loan fund is designed to help businesses locate in Two Rivers or to expand or retain jobs in Two Rivers.
More than 51% of the jobs created or retained must be low-skilled or low-to-moderate income.
The city lends $5,000 to $20,000 for every job created, as long as the business invests at least twice the amount of the city loan.
The financing may be used for capital improvements or investments needed to expand or maintain employment and production levels in the city.
Local lenders can help with your portion of the investment.
Eligible Activities – Land acquisition – Building demolition, renovation or addition – Equipment and machinery purchase and installation *The revolving loan program is not available for residential construction or rehabilitation, routine maintenance of plant or shop facilities, or specialized equipment not essential to business operations.
Two Rivers requires a first collateral position on the aggregate loan amount.
The term or length of the loan will be based on the useful life of the collateral.
Loan Criteria The city will: – Make loans only to businesses directly affected by the proposed activities – Approve varying loan amounts depending on the dollars available – Reserve the right to review a company’s financial progress
Contact Information
Two Rivers Economic Development
Address: 1717 East Park Street
City: Two Rivers
State: Wisconsin
Website:
https://www.tworiverseconomicdevelopment.org
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