For more information visit the Regional Business Fund website at www.rbfinc.org
The Regional Business Fund (RBF) offers loan funds to businesses within the Wisconsin counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix that expand, add new technology, create quality jobs, and make capital investments in the region.
In 2008 counties, cities, villages, and towns consolidated 28 different State-funded CDBG revolving loan fund dollars into the Regional Business Fund. This created a larger and more diverse fund that includes the following loan fund programs:
The Revolving Loan Fund (RLF) is a flexible source of loan funds for commercial and industrial projects. The purpose is to encourage the creation of quality jobs and to increase the tax base.
The Micro Loan Fund Program provides small loans to startup, newly established, or growing small businesses. The key objective is to assist business owners, who have traditionally had difficulty accessing debt financing, by affording them another alternative to obtain credit.
The Downtown Facade Loan Program provides financial assistance to encourage property and business owners in core downtowns to revitalize downtown commercial buildings within the towns, cities, and villages of west central Wisconsin.
The Technology Enterprise Fund (TEF) is a “quasi-equity”, or a patient debt, revolving loan fund that provides creative financing to new and emerging technology companies.
The Economic Development Administration (EDA) Loan Fund has been managed by the RBF, Inc. since 1995. The program provides low-interest loan funds to expanding businesses that are creating jobs and making a capital investment.
For more information on eligibility, terms and conditions, and application procedures please view the Regional Business Fund website’s programs page at http://www.rbfinc.org/Programs/programs.html
St. Croix Economic Development Corporation
1101 Carmichael Road, Hudson, WI 54016
Char Gurney or Beth Waldhart
West Central Wisconsin Regional Planning Commission
800 Wisconsin Street,
Mail Box 9,
Eau Claire, WI 54703