How much funding does Greater Oshkosh Revolving Loan Fund provide?

Greater Oshkosh Revolving Loan Fund provides $25,000 - $250,000 in funding.

When is the deadline for Greater Oshkosh Revolving Loan Fund?

The funder has not published a deadline for this grant.

Who is eligible for Greater Oshkosh Revolving Loan Fund?

Eligible applicants: City of Oshkosh and municipalities that share a boundary with the city of Oshkosh; 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.

Greater Oshkosh Revolving Loan Fund

Go-EDC Foundation Inc

Foundation Small Business Grants Community Development Grants

Funding Amount

$25,000 - $250,000

Deadline

Deadline not published

Grant Type

Foundation

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

City of Oshkosh and municipalities that share a boundary with the city of Oshkosh
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

Other requirements

The acquisition of land, buildings, and/or fixed equipment
Inventory essential to the business operations
Site preparation, the construction and/or reconstruction of buildings, the rehabilitation of buildings including leasehold improvements, and/or the installation of fixed equipment
Clearance, demolition, or the removal of structures

Overview

Purpose: A flexible gap financing tool for area businesses engaged in high-income employment and job creation through expansion and/or relocation projects.

Award Range: 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 and 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

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

Financing Guidelines

Private Funds: Up to one dollar of private sector investment shall be provided for each dollar of RLF investment
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, as well as applicable margins to cover associated costs
Repayment: Deferral of principle payments may be provided, but will be determined on a case-by-case basis
Collateral: Requirements determined on an individual basis by the RLF Committee