CC Dmitry Demidko
After two years, Sheboygan County has reopened the Revolving Loan Fund (RLF) available through Sheboygan County’s Industrial Development and Revolving Loan Agency.
The Sheboygan County Economic Development Corporation (SCEDC) will administer the loan funds. The Wisconsin Department of Administration closed the Sheboygan County RLF under the CDBG-CLOSE program in February 2019.
The CDBG-CLOSE was a program designed to provide the necessary regulatory and financial flexibility for communities to address local needs while simultaneously addressing the U.S. Department of Housing and Urban Development’s (HUD) concerns regarding operations of the Revolving Loan Funds statewide.
Sheboygan County reimplemented the RLF in May of 2021.
The RLF is designed to create a low-cost alternative financing option for small businesses and start-ups.
You can find more information on the Revolving Loan Fund by visiting SheboyganCountyEDC.com/RLF
