Revolving Loan Fund

Revolving Loan Fund Home
Finance Terms and Conditions
Do You Qualify?
Application
Email:
Vernon County Government Home

STEP 1:  Complete the Application And Release Of Information.

Click here to get a copy of the Application

Assistance in completing this application is available at

Vernon County

Resource and Community Development
210 Banta Building; 402 Courthouse Square
Attention Diane
Viroqua, WI  54665

Phone:  608.637.5379
Fax:       608-637-3823

STEP 2:  Mail/Deliver The Application

The completed application can be mailed or delivered to:

Resource and Community Development
210 Banta Building; 402 Courthouse Square
Attention: Diane
Viroqua, WI  54665

STEP 3: Process, Review, Timeline and Approval Of Your Application

  • Timeline for processing applications:  Applications may be submitted at any time and will be processed in the order received.  Applications must be received 21 days before County Board meetings to be included on that Board agenda.  Applications received after the 21 processing period will be delayed until the next County Board Meeting. 
  • Preliminary Review
  • Staff will review the application for completeness and verify that the proposed project meets the minimum requirements.  All parts of your application will be reviewed and formatted for committee review.  During this process, you will be contacted.  More information may be required to process your application. A determination will also be made if sufficient collateral exists to warrant further project review by the committee. 
  • Formal Review
  • The Vernon County Revolving Loan Fund Committee will review the application and interview the business owner.
  • Negotiation of Terms – The RLF Committee will negotiate terms for inclusion in the loan agreement at the time of the Formal Review.
  • County Board Approval – The full Vernon County Board must approve all loans.  Applicants will be identified on the Board agenda; any discussion will be in closed session due to the potential discussion of non-public personal information.  Decisions by the Board will be made in open session.
  • Notice of Award
  • If the application is approved, a closing will be scheduled to execute the necessary loan documents.
  • Rejection of Award
  • If application is not approved, the applicant will receive a letter stating reasons and possible remedies.