

CAPITAL CATALYST REVOLVING LOAN FUND
SUMMARY
The Capital Catalyst Revolving Loan Fund (RLF) is designed to address a gap in private capital markets for long-term, fixed rate, low down payment, low interest financing. The objective of the RLF is to promote economic development efforts by providing financing to businesses that retain and/or create quality jobs, add new technologies, increase the tax base, and/or diversify the economy. The RLF serves as a stimulant for commercial lending and not as a substitute for private capital.
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Eligibility
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To be eligible, a business must:
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Be located within the seven-county region (Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix) or propose to locate within the seven-county region; and,
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Demonstrate ability to repay the loan.
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Eligible Activities
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Acquisition of fixed assets including equipment, machinery, furniture, and fixtures;
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Leasehold improvements; building renovation and rehabilitation;
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New working capital, inventory purchases, and supplies; and/or
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Building and/or land acquisition.
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Finance Terms and Conditions
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Loan sizes from $10,000 to $250,000
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4.0% fixed interest rate
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Repayment terms are up to five years for working capital; equal to the effective life of the equipment or machinery; and ten years for land or building acquisition.
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Deferrals of principal and/or interest payments may be allowed for a brief period of time.
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Collateral is required.
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Unlimited personal guarantees are required for any owner with a 20% or greater ownership interest in the business.
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All customary out-of-pocket fees and legal costs made in connection with the transaction are the borrower’s responsibility.
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Private funds (borrower contribution and/or bank/credit union loans) may be required as part of the project.