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River Falls Commercial Revolving Loan Fund
River Falls provides commercial revolving loans from $10,000 to $50,000 for eligible business construction, acquisition, and rehabilitation projects.
About this program
The City of River Falls Commercial Revolving Loan Fund financially assists with the creation, expansion, and retention of local businesses in the City's commercial district. Loans may support new commercial construction, acquisition of commercial property for new construction, or exterior and interior rehabilitation of existing commercial property, and are intended to be used alongside bank loans, SBA financing, equity, and other funding sources.
Eligibility
Businesses and property owners with eligible commercial projects in the River Falls commercial district may apply for loan financing.
Requirements
- Project must be located in the City of River Falls commercial district, including the current Business Improvement District or commercially zoned properties on Main Street between Cemetery Road and Quarry Road.
- Loan proceeds must support new commercial construction, acquisition of commercial property for new construction, or exterior or interior rehabilitation.
- Applicant must provide at least 20% of the project in equity participation.