Dane County Community Development Block Grant

Revolving Loan Fund

The Office of Economic and Workforce Development offers low-interest loans to businesses and organizations located outside of Madison that commit to creating or retaining jobs for low- and moderate- income residents of Dane County. CDBG loans are generally intended for high-risk borrowers that have difficulty securing financing from non-federal sources. Loans must be used for eligible CDBG activities, including (but not limited to): fixed assets; machinery and equipment; and working capital.

Dane County has two revolving loan funds (RLFs) that have separate, on-going application cycles. Both funds have been crucial in providing funding for small business development and expansion in the Dane County Urban Consortium.

Commercial Revitalization Loan Fund (CRLF)

Provides financing to businesses and real estate development projects that help revitalize downtown and commercial districts.

CRLF Fact Sheet

CRLF Manual

Economic Development Revolving Loan Fund (ED-RLF)

Provides gap financing to businesses that create jobs, 51% of which must go to low-and moderate- income persons.

ED-RLF Fact Sheet

ED-RLF Manual

The objectives of the RLF programs are to:
- Expand or modernize existing or locally owned and managed enterprises -
- Promote infill development and commercial redevelopment in downtown and traditional business districts -
- Encourage the creation or retention of employment opportunities for low and moderate income County residents -
- Leverage new private investment in downtown business districts and traditional business districts -
- Promote developments that are pedestrian friendly, that encourage a range of transportation options, and that enhance civic life -
- To implement Dane County and local community revitalization goals and objectives -
- Assist businesses with high-value added products or services, especially in the agricultural sector -
- Assist dairy farmers with capital improvements resulting in an increase in milk production -
Loans are available to for-profit businesses, not-for-profit organizations, and municipalities, outside the City of Madison.