Winnebago County COVID-19: Rapid Recovery Loan

The Winnebago County COVID-19 Rapid Recovery Loan Program (RRL) aims to assist businesses in Winnebago County that are negatively affected by the economic impact of COVID-19. The low-interest loan helps keep businesses financially solvent while complying with the enforced restrictions. 

Contact Art Rathjen for more information and submit applications to:

Or call him at (314) 498-2800


Businesses must meet specific eligibility requirements to receive money from the COVID-19 Rapid Recovery Loan Fund. The Winnebago County RRL allows for any single business enterprise to obtain funds at a level of $1,000, $2,500, $5,000 or $10,000. 



Any viable private enterprise with at least one year of financial history that can demonstrate economic hardship or impact due to the COVID-19 pandemic.


  • Rent/Mortgage payments with due dates 4/1/2020 or later 
  • Commercial property utilities 
  • Payroll expenses including sick, family, and other leave related to COVID-19
  • Pre-existing purchase orders, before 3/15/2020


The Winnebago County RRL Committee will use the following guidelines to evaluate each loan application:

  • Loan Amount: Funds are available for any single business enterprise in the amounts: $1,000, $2,500, $5,000 or $10,000. 
  • Loan Terms: The term of the loan will be a 3-year amortization schedule.
  • Interest Rates:  Each loan has a set 2% interest rate.
  • Repayment: The deferment period of principle and interest payments expires six months from the date of distribution. 
  • Collateral: Collateral requirements shall be determined on an individual basis by the RRL Committee.
  • Location: Business must have a physical address within Winnebago County.
  • Approval: Submission of an application does not guarantee funding, and all applications will be reviewed by the committee. Applicant can decrease or decline funding upon notification of approval.