Financing

To help encourage business improvement, retention and attraction, the Village of Sturtevant created a new program with favorable loan terms – little to no equity requirement, low-interest, and principal deferrals.

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.

The City of Racine houses many businesses in a variety of industries, serving its residents and the surrounding communities. However, the challenges posed by the COVID-19 pandemic were severe and required creative, flexible solutions to ensure the retention of these valuable assets in the City.

COVID-19 Business Resources *SITE UPDATED REGULARLY* NAVIGATING WHAT’S NOW AND WHAT’S NEXT In the midst of…

The purpose of this program is to assist Union Grove businesses negatively impacted by COVID-19 and support business retention until the economy stabilizes.

The purpose of this program is to assist businesses negatively impacted by COVID 19 and support business retention until the economy stabilizes. Businesses must demonstrate they do not qualify for existing State or Federal programs; are in immediate need of funding until those programs become available; or that they are unable to obtain financing at reasonable rates and terms.

We are excited to welcome one of the most qualified and financially intelligent groups to to our loan committee. These are the individuals who volunteer their time, energy and abilities to carefully evaluate and determine the viability of prospective loans.

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The City of Racine is excited to announce that it is expanding financing options for early-stage…