RBF, INC.   

The Regional Business Fund, Inc. (RBF, Inc.) was created by the West Central Wisconsin Regional Planning Commission in 1995.  The RBF is a non-profit entity whose purpose is to promote business and economic development in west central Wisconsin through the establishment and administration of the EDA revolving loan fund for businesses.  At that time, the RBF, Inc. entered into an agreement with WCWRPC to administer this fund, who continues to administer it, as well as the Consolidated Loan Fund.

  

Loan Programs 

The  Revolving Loan Fund (RLF)  is a flexible source of loan funds for commercial and industrial projects. The purpose of the RLF is to promote economic growth in west central Wisconsin through recruitment, expansion, and retention of business and industry. The RLF is not meant to be the primary source of financing for projects and will work in partnership with other lending institutions. The minimum loan amount is $25,000 and the rate is fixed at 4%.

 

    Eligibility

  • Be located in, or propose to locate in, West Central Wisconsin (Counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Pierce, Polk, and St. Croix).* 
  • Create and/or retain jobs. 
  • Demonstrate ability to repay the loan. 
  • Eligible activities include: acquisition of equipment, machinery, furniture and fixtures; new working capital; site improvements; leasehold improvements; natural disaster recovery; land and building acquisition; new building construction or building renovation.

*Some communities within these counties may not be participating.

The  Micro Loan Fund Program  provides small loans to start-up, newly established, or growing small businesses. The key objective is to assist business owners, who have traditionally had difficulty accessing debt financing, by affording them another alternative to obtain credit. The rate is fixed at 4% and the loan amount can be between $5,000 and $25,000.

    Eligibility 

  • Be located in, or propose to locate in, West Central Wisconsin (Counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Pierce, Polk, and St. Croix).* 
  • Have annual sales less than $1 million AND have 25 or fewer employees. 
  • Demonstrate ability to repay the loan. 
  • Eligible activities include: new working capital; inventory purchases and supplies; acquisition of equipment, machinery, furniture and fixtures; leasehold improvements; building renovation and rehabilitation; real estate acquisition; natural disaster recovery. 

*Some communities within these counties may not be participating.

 

The  Downtown Façade Loan Program  provides financial assistance to encourage property and business owners in core downtowns to revitalize downtown commercial buildings within the towns, villages, and cities of West Central Wisconsin. Loan amounts can range between $5,000 and $30,000 and the rate is fixed at 0%.

    

     Eligibility

  • Be located within designated downtown boundaries of eligible towns, villages, and cities. 
  • Demonstrate ability to repay the loan. 
  • Eligible activities include:  façade renovation; exterior lighting, doors, and graphics; signage, windows, and awnings; other façade or landscape improvements. 

  

Design Requirements 

Applicants must provide acceptable façade design plans that comply with approved general design guidelines adopted by local governments. 

  

The Technology Enterprise Fund (TEF) is a “quasi-equity”, revolving loan fund that provides creative financing to new and emerging technology companies.

 

     Eligibility 

  • Be located in, or propose to locate in, West Central Wisconsin (counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Pierce, Polk, and St. Croix). 
  • Be a technology specific business either researching, developing, or manufacturing patentable technology or intellectual property. 
  • Have fewer than 100 FTE employees. 
  • Raise at least a dollar-for-dollar (1:1) amount of private capital. Prior investments in the form of in-kind support and/or equipment contributions may qualify as private match. 
  • Eligible activities include: working capital used in the research and development, testing, and/or commercialization of a product, process, or service; equipment and other fixed asset purchases that are essential in the research and development of an innovative technology. 

The  EDA Fund  provides financing to businesses that need a relatively small amount of gap financing and are creating or retaining quality jobs and investments, encouraging diversification of the regional economy, and/or encouraging agriculturally value-added technology/markets. 

  

Eligibility 

  • Be located in, or propose to locate in, West Central Wisconsin (counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix). 
  • Create and/or retain jobs. 
  • Demonstrate ability to repay the loan. 
  • Eligible activities include: fixed asset financing and/or working capital.