Community Loan Programs


A variety of community loan funds often referred to Revolving Loan Funds (RLFs) are available to growing businesses with financing needs. Business Lending Partners administers some these RLFs throughout Racine. These are direct loan programs that partner with a loan from the customer's financial institution to create a financing package that overall offers:

  • Reduced cash equity requirements from the business
  • Reduced interest rates on the RLF loan
  • Flexible loan terms on the RLF loan

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 which can be found below:


 Racine County 


City of Racine


City of Burlington


Village of Union Grove

 

SBA 504

July 2017

20-Year Fixed Rate:

4.766%

10-Year Fixed Rate:

4.497%

Historical Rate Graph