Waukesha County Revolving Loan Fund

The Waukesha County Revolving Loan Fund (RLF) allows Waukesha County companies to take advantage of low-interest loans to assist in financing their business projects. Using this nearly $1 million fund, businesses are able to receive financing of 33% of the total project cost or up to $200,000.

To be eligible, businesses must be for-profit and located within an eligible Waukesha County community.

How to Qualify
  • For-profit Business.
  • Borrower has a minimum 10% equity towards the project.
  • Business must create and/or retain one job for every $35,000 of RLF funding within two years of loan funding.
  • 51% of the jobs created and/or retained must be filled by low or moderate income persons, as defined by the US Department of Housing and Urban Development (HUD). 
  • Assets must remain in the eligible Waukesha County community for the life of the loan.    

Lending Structure
A typical project is usually funded:
Bank $340,000 57%
County RLF $200,000 33%
Borrower's Cash $60,000 10%
Total $600,000 100%



              

 

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