$500,000 in New Revolving Loan Funds Coming to the Region
Low Interest Loans Available for Local Businesses
July 16, 2020
The Southwestern Wisconsin Business Development Fund already has $230,000 in funds and is about to get a cash influx of another $500,000 which will help new and existing businesses and non-profits open up or expand. Loan payback terms are flexible and the interest rates will be 2% on average. These funds can help new and existing businesses buy new equipment or help fund ongoing operations.
Over the years, the SWWBDF has loaned out nearly $900,000 in low interest loans to more than a dozen businesses across Grant, Green, Iowa and Lafayette counties. The funds are also available to busine...