Vernon County’s Revolving Loan Fund (RLF) program was established to retain and create employment opportunities, encourage private investment, and provide a financing alternative for small start-up or expanding businesses in the County. The RLF program includes interest rates and loan maturities that are designed to encourage business development, while providing for the recapitalization and growth of the RLF. Since its inception in 1999, the RLF has loaned $2.6 million dollars to 54 businesses. These businesses have added jobs and additional tax dollars to our local economy. As the businesses repay their loans, those funds then provide an ongoing source of funds for other businesses in the County.
For start-up businesses or companies needing capital to expand, the RLF can help; offering terms based on the individual businesses.