Revolving Loan Fund

The Kossuth County Revolving Loan Fund was established to encourage local and new businesses to expand.

These loans are provided at a reduced interest rate. The Revolving Loan Fund supports growth of community industrial parks and entices business and industry to expand in Kossuth County.

Kossuth County is filled with “acres of opportunities” – a safe haven to raise our families; recreational facilities with spectacular scenery; a favorable business climate; three Fortune 500 companies; excellent health care & educational facilities and more.

The Revolving Loan Fund will provide up to $50,000 in financing for new or existing businesses or industry to locate or expand in Kossuth County. When the loan is repaid, it replenishes the fund to support other projects. The Revolving Loan Fund will be administered by the RLF Commission and the KCEDC Board of Directors.

What is a Revolving Fund?

Kossuth County’s Revolving Loan Fund will provide up to $50,000 in financing for new or existing business or industry to locate or expand in Kossuth County. These loans are provided at a reduced interest rate.

A Revolving Loan Fund:

Supports growth of community industrial parks and/or a county industrial park
Entices business & industry to expand or locate in Kossuth County
Provides “gap financing”

When the loan is repaid, it replenishes the fund to support other projects.

The Revolving Loan Fund can also work with state and federal grants to help business and industry and is administered by the KCEDC Board of Directors.

Objectives

Encourage existing businesses to expand
Foster entrepreneurship
Attract new business & industry to our 13 communities
Enhance the quality of life with additional tax revenue for public services
Increase rural population and local tax base
Capitalize on the strengths of our schools, medical facilities, service business and local infrastructure
A non-refundable Application Fee is required upon submission of the application.

Purpose

Aggressively encourage start-up new businesses and existing businesses to expand.
Serve as a partner for available state & federal grants
Great way for businesses to build a positive credit history.
Excellent for existing expansions on needs for technology, equipment, buildings and working capital for business start-ups.