Dubuque County Revolving Loan Fund
The Dubuque County Revolving Loan Fund supplies up to $250,000, to purchase fixed assets and targets manufacturing, high tech, and service industries located in Dubuque County. The city of Dubuque is excluded.
Fixed-asset acquisition or expansion including:
• Acquisition/installation of machinery or equipment
• Purchase of land and/or construction of new buildings
• Purchase and/or renovation of existing buildings
• Financing of working capital in special situations
Low down payment - as little as 10%. Allows the small business owner to preserve critical working capital
Short term - 5-15 years
Low interest rates available!
$250,000 Maximum project size
1.5% processing fee and legal costs, no servicing fee
Goal of 1 Full Time Equivalent (FTE) position created for each $15,000 lent
Collateral required, lien position may be subordinated to private lender
Personal Guarantee usually required, other security as necessary
Approval of the E.C.I.A. Business Growth, Inc. Board of Directors and approval of the Board of Supervisors