Revolving Loan Fund (RLF)

WEDC has started a revolving loan Fund to help businesses start, buy new equipment and expand.   Our RLF is designed to assist small businesses our community obtain financing that may not otherwise be available.  The intent is to create or retain jobs and to assist in economic development.  The program provides flexible term financing at affordable interest rates, for those who can’t receive funding from traditional financing options.  Over the past few years, we have grown this fund to $40,000 and have partnered with West River Foundation for Economic and Community Development for funding of larger amounts.  As these funds are use and repaid the interest will go back into the RLF to continue to grow the funds available for future business development and growth.  Contact WEDC Director for more information.