Union Grove Small Business Resources
UNION GROVE, WI – The Village of Union Grove Trustees recently approved attractive loan and grant resources to support its local business community as well as attract new development to targeted areas of the Village. There are several programs available.
Union Grove Revolving Loan Fund Program ($100,000 or more)
Union Grove RLF ($100,000 or less)
For business loans of $100,000 or less, the Union Grove RLF loan can be the sole lender on the project. This opportunity affords the business with the full benefits of the RLF program’s reduced down payment and low interest rate. These small RLF loans may focus more on working capital and leasehold improvements.
Union Grove Small Business Relief Loans ($5,000 or less)
Union Grove’s Small Business Relief loans of up to $5,000 at 0% with a three-month deferral provide flexibility to businesses as they re-open and stabilize their businesses.
Union Grove Matching Grants
Matching grants up to $2,500 are available to existing businesses to complete interior improvements and do pop-up stores.
Administration of this updated program will be coordinated by the Racine County Economic Development Corporation’s financial team, Business Lending Partners.
If you have any questions about the restructured Union Grove RLF or would like more information on the application process, you can visit blp504.org/category/covid-19 or contact BLP’s Finance Manager, Carolyn Engel at 262-898-7420 or firstname.lastname@example.org.