Commerce logo for web pages and Wisconsin Department of Commerce Home Page Link.
Map highlighting Wisconsin
Change text size A A A A A A A
Connect with us Visit our profile on LinkedIn. Leaving commerce.wi.gov and going to http://www.linkedin.com/companies/wisconsin-department-of-commerce Follow us on Twitter. Leaving commerce.wi.gov and going to http://twitter.com/WICommerce
 
Business Development
Related Resources

Reporter Contacts
(608) 267-4417

Central Building Location:
201 W. Washington Ave.
Madison, WI 53703
View map / get directions

Mailing Address:
P.O. Box 7970
Madison, WI 53707-7970

Office of Governor
Scott Walker
Link to Governor Walkers's web site
 
Bookmark and Share
IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

CDBG-ED Revolving Loan Fund Administration

CDBG-ED/RLF program administrators provide a link between the local community and Commerce. The following guidelines and resources are provided to assist in the daily administration of your RLF.

Community Opportunities

An RLF assists the community in carrying out their community economic development goals and objectives, provides private investment towards the assisted activity, and most importantly creates job opportunities, principally for the benefit of low and moderate persons

The Department of Commerce RLF Technical Assistance Program can provide communities with administration assistance on any facet of their RLF program. Site visits are provided by the Department upon request for intensive assistance.

Commerce also offers administrative documents describing program guidelines, sample documents and links to related resources.

A Revolving Loan Fund Handbook includes an "Administrator's Guide" which "walks" the administrator through the process of the creation and capitalizing of a RLF program from marketing, application process, credit evaluation, approvals, to loan closing and documentation, as well as performance monitoring of the loan. It also includes the forms necessary for administration, closing and documentation.

Business Advantages

Advantages to businesses are very attractive "tailor-made" loans, which may include deferred payments and interest rates. These loans are typically smaller loans which can be more efficiently administered at the local level.

Questions regarding the both the CDBG-ED and Revolving loan programs should be referred to the local Area Development Managers. Department of Commerce, 201 West Washington Avenue, P. O. Box 7970, Madison, Wisconsin 53707.

Notables

Current semi-annual report (SAR) directions provide detailed guidelines to assist with the proper completion of required reports. Instructions are updated regularly in response to your questions.

Milk Volume Production (MVP) lending is encouraged to promote Wisconsin dairy producers undertaking capital improvement projects that will result in a significant increase in milk production.

The RLF capitalization limit ("the Cap") process provides oversight to local administrators as local funds grow. CDBG-ED loans repayments accrue locally up to population-based limits. Repayments beyond the local cap are returned to Commerce to fund CDBG-ED Public Facilities projects.

Commerce Assistance

If you require direct assistance with any administrative aspect of this program, please email RLF Specialist Pete Norman or call 608-267-5100.