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Economic Development Revolving Loan Fund (EDRLF) is sponsored by City of Green Bay. The EDRLF assists minority-owned, women-owned, disabled-veteran owned, and small disadvantaged businesses in Green Bay with financial needs.
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Economic Development Revolving Loan Fund | Green Bay, WI Create a Website Account - Manage notification subscriptions, save form progress and more.
Community & Economic Development Business & Commercial Funding Economic Development Revolving Loan Fund Economic Development Revolving Loan Fund The City of Green Bay offers the Economic Development Revolving Loan Fund (EDRLF) to support businesses owned by minorities, women, and disabled veterans. The EDRLF is funded from excess stadium tax dollars, as allocated by the Common Council.
The objective of the EDRLF is to create and retain employment opportunities in the City of Green Bay, with major emphasis on employment for persons from low- to moderate-income households. Building construction, acquisition, rehabilitation, or expansion. Land acquisition (in conjunction with building purchase or construction).
Purchase and installation of machinery and equipment.
Negotiable payback length Personal guarantee required on all loans Eligibility limited to City of Green Bay businesses Maximum loan amount is $250,000 Minimum loan amount is $10,000 Working Capital Loans have a maximum limit of $35,000, for a maximum period of 3 years A maximum of $35,000 ED-RLF dollars may be loaned for each permanent FTE job created and must be made available to persons from low- to moderate-income households as defined by the U.S. Department of Housing and Urban Development guidelines This program can provide up to 50% of the needed financing – 10% must be in the form of equity, while a minimum of 40% must be from another source (financial institution or private financing).
Loans will only be awarded if the project will not go forward without ED-RLF funding Applications are accepted year round.
The applicant must demonstrate that the proposed project is viable and that the business will have the capacity to repay the loan A current Business Plan and applicable financial reports are required The project must meet federal underwriting guidelines A pre-application meeting with City Economic Development staff is required before a loan application is accepted To schedule an initial consultation and receive an application form, please contact the City’s Community & Economic Development staff.
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According to the current listing, eligibility includes: Minority-, women-, or disabled-veteran-owned businesses located in the City of Green Bay demonstrating project viability and repayment capacity. Confirm the full requirements in the official notice before applying.
The current listing shows $10,000–$250,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Economic Development Revolving Loan Fund (EDRLF) is funded by City of Green Bay. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Wisconsin. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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