A new Revolving Loan Fund (RLF) program was capitalized by Racine County to support local companies impacted by the Foxconn development in Mount Pleasant, Wisconsin. The new program is referred to as the Greater Racine County RLF.
In this edition of the Quarterly BLP Newsletter, updates are now available for the new SBA Loan refinance opportunities for existing SBA Loans, a new City of Racine Road Construction Loan Program is promoted for businesses affected by road construction, and to meet the demand of loan applications and closings, BLP is looking to hire a new Loan Closer and Credit Analyst.
The Wisconsin Department of Administration and Wisconsin Economic Development Corporation have been creating grant programs for certain businesses that have been impacted negatively by COVID-19 or are just seeking help financially. Learn about these great programs, their eligibility requirements.
With infrastructure improvements completed and development plans in place, the Village of Waterford and a few of its local businesses are utilizing RCEDC resources to spur recent development activity.
Two Racine County businesses saw the ZERO Loan Program as an opportunity to improve operations – the City of Racine’s Pawstar and the Village of Union Grove’s Graphic Sign Shop.
Welcome to the second of three Business Growth Solutions presentations. This presentation will help small business owners and commercial lenders in Racine County understand the benefits of utilizing RCEDC’s community loan and grant programs.
RCEDC’s most recent Zero Loan Program recipients, Terri and Michael Bannon, owners of Razor Sharp Fitness, used the funds to purchase new fitness equipment, which they anticipate will increase memberships and alleviate the effects from the pandemic.
This event will highlight available financial programs for City of Racine business owners.
In partnership with AEO, Fiserv is pleased to announce the Fiserv Back2Business Grants for Small Business Program, which will award funding to Black- and minority-owned businesses that have been impacted by COVID-19 and social unrest.
According to a BLP report, the financial team saw an increase of 200% in total projects and a 110% increase in total project investment. The majority of projects that BLP assisted with in 2020 were real estate, restaurants and manufacturing.