Greater Oshkosh Revolving Loan Fund

Greater Oshkosh Revolving Loan Fund

Overview: The Greater Oshkosh Revolving Loan Fund is a flexible gap financing tool for area businesses engaged in high-income employment and job creation through expansion and/or relocation projects.

Award Amount: Program awards for any single business enterprise range from a minimum of $25,000 to a maximum of $250,000.

Geographic Scope

• City of Oshkosh
• Municipalities that share a boundary with the city of Oshkosh

Eligibility

• Any viable private enterprise with at least two years of financial history
• Seeking to grow operations within the city of Oshkosh and municipalities that share a boundary with the city of Oshkosh

Eligible Activities

• Acquisition of land, buildings, and/or fixed equipment
• Inventory essential to the business operations
• Site preparation, construction and/or reconstruction of buildings, rehabilitation of buildings including leasehold improvements, and/or installation of fixed equipment
• Clearance, demolition, or removal of structures
• Working capital
• Research and development
• Intellectual property
• Employee training
• Marketing of new products or emergence into a new niche
• Employee recruitment and/or transfer
• Interest rate buy-down with private sector lender

Financing Guidelines

• Private Funds Match: Up to one dollar of private sector investment for each dollar of RLF investment
• Loan Amount: Minimum $25,000 to maximum $250,000 per business enterprise
• Loan Terms: Determined on a case-by-case basis, designed around generating maximum success and outcomes
• Interest Rates: Determined on a case-by-case basis by the RLF Committee, balancing risk and return for the City of Oshkosh
• Repayment: Deferral of principle payments may be provided, determined on a case-by-case basis
• Collateral: Requirements determined on an individual basis by the RLF Committee

Contact

(920) 230-3321 111 N Main St, Ste 204 Oshkosh, WI 54901