Seal of Dane County County of Dane
Dane County Community Development Block Grant

Funding Opportunities

Loans are available to businesses and organizations located outside of Madison. Funds from the RLF program were derived from CDBG funds, and projects must meet all CDBG program requirements.

Application RequirementsFunding Opportunities (RLF) | Dane County CDBG

  •  Creation or retention of new jobs for Dane County residents of whom 51% must be low- and moderate-income.
  • Leverage a minimum of one dollar ($1.00) of private funds for every one dollar ($1.00) of loan funds requested.
  • Demonstrate that the proposed project is viable and the business will have the economic ability to repay the funds.
  • Be completed within 24 months from the date of the loan approval.
  • Increase permanent employment or retain existing jobs that would have been lost locally, primarily benefitting low- to moderate- income persons.
  • At least one full-time equivalent position must be created for every $35,000 of CDBG funds requested.

Use of Loans

Acquisition of land, buildings, and fixed equipment; site preparation; clearance of land; rehabilitation of buildings; working capital; and public utility assessments. Loans are also available to assist dairy producers undertaking capital improvements that will increase milk production.

Loan Terms and Conditions

Minimum loan size is $25,000; maximum loan size is based on availability of funds. The loan term is equal to the useful life of the assets financed.  Interest rates are generally two percent above prime; however, lower rates can be negotiated based on need. A loan fee equal to 1% of the total loan amount is due at the time of the loan closing.  Loans may be repaid at any time without penalty, however, pre-payment will not exempt the Borrower from the job creation/retention requirements.

How to Apply

Prior to submitting an application, potential borrowers should contact the Office of Economic and Workforce Development to set up a pre-application meeting with staff to determine preliminary eligibility and fundability of proposed project.

View RLF Loan Application

Loan applications may be submitted at any time. Three (3) copies of the completed application and all accompanying materials must be mailed to:

Dane County CDBG-RLF Administration
City-County Building, Room 421
210 Martin Luther King Jr. Blvd.
Madison, WI 53703