A variety of community loan funds, often referred to Revolving Loan Funds (RLFs), are available to growing businesses with financing needs. These are direct loan programs that partner with the customer’s financial institution to create a financing package that overall offers:
To qualify for an RLF the company typically needs to be creating or retaining jobs in the community or providing some other community benefit. Each RLF has different criteria which can be found below.
Through funding from Racine County, various programs were established with the goal of providing a means for existing small and medium-sized companies to obtain the professional services necessary for a strong foundation and continued business growth as well as to provide jobs for Racine County residents.
The City of Racine is offering various programs designed specifically to assist businesses in partnership with a bank loan. These programs primarily fund real estate projects, furniture, fixtures and equipment purchases and limited working capital needs.
Burlington’s programs were designed specifically to assist businesses in the City of Burlington with the objectives to: