Revolving Loan Fund

The Revolving Loan Fund (RLF) is designed to encourage job creation and promote local economic development in the greater Oshkosh area. It is a flexible gap financing tool with lower interest levels for area businesses engaged in high-income and job growth through expansion and/or relocation projects.


Requirements

Businesses must meet certain eligibility requirements to receive money from the Revolving Loan Fund.  The Greater Oshkosh RLF allows for any single business enterprise to obtain funds from a minimum of $25,000 to a maximum of $250,000.

Download RLF Application

View RLF & Capital Catalyst Handout

Eligibility

Any viable private enterprise with at least two years of financial history seeking to grow operations in Greater Oshkosh.

Eligible Activities

  1. The acquisition of land, buildings, and/or fixed equipment
  2. Inventory essential to the business operations
  3. Site preparation, the construction and/or reconstruction of buildings, the rehabilitation of buildings including leasehold improvements, and/or the installation of fixed equipment
  4. Clearance, demolition, or the removal of structures
  5. Working capital
  6. Research and development
  7. Intellectual property
  8. Employee training
  9. Marketing of new products or its emergence into a new niche
  10. Employee recruitment and/or transfer
  11. Interest rate buy-down with private sector lender

Financing Guidelines

The Greater Oshkosh RLF Committee will use the following guidelines to evaluate each loan application:

  1. Private Funds: One dollar of private sector investment shall be provided for each dollar of RLF investment.
  2. Loan Amount: The amount of funds available for any single business enterprise shall range from a minimum of $25,000 to a maximum of $250,000.
  3. Loan Terms: The specific term of the loan will be determined on a case-by-case basis, designed around generating maximum success and outcomes.
  4. Interest Rates: The interest rate on each loan shall be determined on a case-by-case basis by the RLF Committee, balancing risk and return for the City of Oshkosh, as well as applicable margins to cover associated costs.
  5. Repayment: Deferral of principle payments may be provided, but will be determined on a case-by-case basis designed around generating maximum project success and outcomes.
  6. Collateral: Collateral requirements shall be determined on an individual basis by the RLF Committee