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The EDA Revolving Loan Fund 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 EDA RLF is to provide financing to businesses to retain and create quality jobs, add new technologies, and diversify the economy. Eligible businesses must be located in the counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Polk and St. Croix.  The fund serves as a stimulant for commercial lending and not as a substitute for private capital.

The EDA Revolving Loan Fund (RLF) is a flexible source of loan funds for commercial and industrial projects. The purpose is to encourage the creation of quality jobs and to increase the tax base.


To be eligible, a business must:


  • 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;

  • Demonstrate ability to repay the loan.

Eligible Activities

  • Acquisition of fixed assets including equipment, machinery, furniture, and fixtures;

  • Building and/or land acquisition; and/or

  • New working capital, inventory purchases, and supplies.

Finance Terms and Conditions

  • Loan sizes from $10,000 to $250,000

  • 4.50% fixed interest rate

  • Repayment terms are up to seven years for working capital; equal to the effective life of the equipment or machinery; and ten years for land or building acquisition.

  • Deferrals of principal and/or interest         payments may be allowed for a brief period of time.

  • Collateral is required.

  • Unlimited personal guarantees are required for any owner with a 20% or greater ownership interest in the business.

  • All customary out-of-pocket fees and legal costs made in connection with the transaction are the borrower’s responsibility.

  • Private funds (borrower contribution and/or  bank/credit union loans) may be required as part of the project.



Interested businesses complete and submit applications directly to the West Central Wisconsin Regional Planning Commission.

Use the icon below to download the application.

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