Dubuque County RLF
Dubuque County Revolving Loan Fund
The Dubuque County Revolving Loan Fund supplies up to $250,000, to purchase fixed assets and targets manufacturing, high tech, and service industries located in Dubuque County. The city of Dubuque is excluded.
Eligible Projects
Fixed-asset acquisition or expansion including:
• Acquisition/installation of machinery or equipment
• Purchase of land and/or construction of new buildings
• Purchase and/or renovation of existing buildings
• Financing of working capital in special situations
Advantages
• Low down payment - as little as 10%. Allows the small business owner to preserve critical working capital
• Short term - 5-15 years
• Low interest rates available!
Lending Parameters
• $250,000 Maximum project size
• 1.5% processing fee and legal costs, no servicing fee
• Goal of 1 Full Time Equivalent (FTE) position created for each $15,000 lent
• Collateral required, lien position may be subordinated to private lender
• Personal Guarantee usually required, other security as necessary
• Approval of the E.C.I.A. Business Growth, Inc. Board of Directors and approval of the Board of Supervisors
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