Regional Business Fund Announces New Loan Program, Clark County Businesses Eligible
Wednesday, July 29th, 2020 -- 1:10 PM
-The Regional Business Fund has announced they are offering a new loan program called the EDA CARES Act Recovery Assistance Revolving Loan Fund.Some key parts of this grant include loan sizes from $5,000 to $10,000; 1% interest rate for the first 2 years followed by 2% for the remaining term; loans can be used for working capital; must have less than 10 full-time-equivalent employees; and must fall under certain NAICS codes.
Businesses who meet the eligibility in several counties can apply including Barron, Chippewa, Clark, Dunn, Eau Claire, Polk and St. Croix. More information about the program requirements and how to apply can be found via the following link: https://www.rbfinc.org/cares-act-rlf
Feel free to contact us with questions and/or comments.