UNION GROVE, WI – The Village of Union Grove Trustees recently approved attractive loan and grant resources to support its local business community as well as attract new development to targeted areas of the Village. There are several programs available.
Union Grove Revolving Loan Fund Program ($100,000 or more)
For larger expansion projects, the Revolving Loan Fund (RLF) program is available to support the financing needs of local companies. This RLF program can partner with the business’ bank to provide 90% financing for the company’s capital investment in expansion and development projects. With low interest rates, only 10% equity and flexible terms, the program was built to be flexible and business-friendly.
Union Grove RLF ($100,000 or less)
Union Grove Small Business Relief Loans ($5,000 or less)
Union Grove Matching Grants
Administration of this updated program will be coordinated by the Racine County Economic Development Corporation’s financial team, Business Lending Partners.
If you have any questions about the restructured Union Grove RLF or would like more information on the application process, you can visit blp504.org/category/covid-19 or contact BLP’s Finance Manager, Carolyn Engel at 262-898-7420 or firstname.lastname@example.org.