Over 10 years ago, Washington County established the Impact Revolving Loan Fund (RLF) to create more prosperity for the county and its residents. Washington County’s RLF makes loans to help fast-growing businesses located anywhere in the county as well as businesses looking to relocate to the county. Businesses leverage the Impact RLF to achieve a [...]
Capitalize on Opportunity Offered by Changed Lending Landscape You need only grab a beer with fellow business leaders or get a haircut at the local barber to find yourself amid buzz on how the lending environment is becoming more challenging to navigate…tightening credit requirements, cautious bankers, and continued upward pressure on interest rates. This felt [...]
EDWC recently facilitated financing through the Washington County Impact Revolving Loan Fund to help Norse Building Products improve employee safety and increase manufacturing efficiency. Businesses in Washington County often turn to EDWC when looking to build a new facility, add onto an existing building, or re-locate to and outfit a building in Washington County. Usually [...]
EDWC recently worked closely with Kurt Kappeler, CFO, on structuring the financing for MOTIS Brands, Inc.’s new manufacturing center in Germantown. The facility will support the accelerated growth of MOTIS and several of its Brands. The new facility, located in the Germantown Gateway Corporate Park, should be ready for occupancy in Spring 2023, and the [...]
EDWC recently leveraged the Washington County Impact RLF program to assist with financing the build-out of the only commercial space located within The District development in West Bend. The residential complex, located at the corner of Main Street and Washington Avenue, will house in its commercial space the second location for 1840 Brewing Company. The [...]
In our previous articles about the Washington County Revolving Loan fund (RLF), we have mentioned that EDWC acts as the administering agent for the RLF. Let's break down exactly what that means. Our relationship with area businesses begins as an information resource. We field inquiries about the RLF and work with businesses to understand whether [...]
In 2019, we worked collaboratively with Rock Machinery, LLC to secure financing to re-locate their facility from Saukville to Allenton, WI. Ready for more growth, Rock Machinery sought EDWC's assistance to fund construction of a 10,000 sq. ft. “cold storage” warehouse on the site of Rock Machinery’s Allenton headquarters. This building will create space to [...]
Have our past two articles on Revolving Loan Funds piqued your interest? Perhaps you are now asking yourself, “How can my business use a RLF loan?” A key aspect of this funding option is its flexibility. A loan from a Revolving Loan Fund (RLF) can be used by businesses from a variety of industries [...]
Next up in our article series: The Definitive Guide to Revolving Loan Funds, we are tackling the top 5 myths surrounding the Washington County, Wisconsin RLF. We look at misconceptions about qualifying for, getting approved for and repaying a loan. MYTH #1: Your financial information and plans become public knowledge when you obtain an [...]
RLF is the commonly-used acronym for a Revolving Loan Fund. It refers to a pool of capital available for small businesses in need of financing for development and growth projects. In general terms, businesses apply for loans and those requests are reviewed by an independent committee, much like a bank. If approved, the loan [...]
