Ideal when projects costs areÂ
$25,000 to1,000,000
A variety of community loan funds, often referred to as Revolving Loan Funds (RLFs), are available to growing businesses in Racine County with financing needs. These are direct loan programs that usually do not require you to partner with another financial institution to create a financing package.
To qualify for an RLF the company typically needs to be creating or retaining jobs in the community or providing some other community benefit. Each RLF has different criteria and our dedicated staff can determined the ideal loan for your business.
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Flexible Loan Terms
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Below Market Interest Rates
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As Low As 10% Down Payment
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No 3rd Party Lender Required*
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real estate purchase
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construction/renovation
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Equipment purchase
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Leasehold improvements
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Other uses may be considered
Melissa Poeschel, with nearly 20 years of baking experience, founded Baking Bird and launched her bakery company in her home. With growing success, she and her husband Chris decided to expand their business into a commercial space in downtown Union Grove. In June 2022, Baking Bird opened and offered from-scratch baked goods like bagels, cupcakes, and cinnamon rolls.
TS Food Packaging, formerly known as RoJo’s Popcorn and Troystar Packaging, began with a focus on private-label popcorn portion packs. Under the leadership of Robin J. Vos, who took over the company in 1996, TS Food Packaging expanded its product line beyond popcorn, now offering seasonings, oils, and even non-popcorn products.
Cala Newholm, founder and owner of Modern Aesthetics Skincare, opened her medical skincare clinic in February 2022 in the Village of Waterford.
Jose Contreras Jr., began his career as a business owner in 2021 when he became the owner of Mexico Lindo, a 65-year old family-owned restaurant located in the City of Racine.
Paul Sanchez's entrepreneurial journey began in 2010 when he founded Righteous Autos Inc., an auto repair and sales business that began in a one-car garage near Downtown Racine.
Priscella K. White, a seasoned healthcare professional, started her business, Above & Beyond Adult Family Home (Above & Beyond), in 2011. The business was established to provide full-time care for elderly individuals with disabilities.
Trene McCaskill, owner of H.E.R. Valley - a self-care and revitalization service in Racine - will celebrate the grand opening of her new location at 904 State St. on July 9th at 11:45 a.m.
In a 4-part video series RCEDC Staff, Andrea Safedis and Wesley Walsh, explain what who and how community loans, also known as Revolving Loan Funds (RLFs), work.
Burlington, WI - The Royal Canine is a unique self-service dog washing boutique that opened in October 2023 in downtown Burlington. Andora Byrne, its owner, is a true animal lover and wanted to provide dog owners with a convenient alternative…
Racine, WI – Lisa Ramirez opened Blueberry Hilltop Cafe on October 2023 with the goal of providing home-cooked meals in a family-friendly atmosphere.
In a 2-minute video RCEDC Staff, Andrea Safedis and Wesley Walsh, explain what who and how the Matching Grant Programs (MGP) work.
Sturtevant, WI – Bolstered by the acquisition of three loans from RCEDC and the receipt of a Sturtevant grant, M&J Krueger Trucking has been able to sustain growth and development at its current location.
RCEDC’s mission is to grow Racine County’s property tax base and by supporting business expansions, provide employment opportunities to Racine County residents. In 2022, RCEDC staff were able to facilitate 105 projects that included comprehensive site selection, loans, grants, and incentives resulting in $289 million in private investment and $124 million in new construction.Â
