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Kossuth County Revolving Loan Fund - Guidelines - Application
Algona Revolving Loan Fund - Guidelines - Application
Fenton Revolving Loan Fund - Information
Swea City Revolving Loan Fund - Guidelines - Application
Titonka Revolving Loan Fund - Guidelines - Application
The Kossuth County Revolving Loan
Fund was established to encourage local and new businesses to expand.
These loans are provided at a reduced interest
rate. The Revolving Loan Fund supports growth of community industrial
parks and entices business and industry to expand in Kossuth County.
Kossuth County is filled with “acres of opportunities”
– a safe haven to raise our families; recreational facilities
with spectacular scenery; a favorable business climate; three Fortune
500 companies; excellent health care & educational facilities
and more.
The Revolving Loan Fund will provide up to $50,000
in financing for new or existing businesses or industry to locate
or expand in Kossuth County. When the loan is repaid, it replenishes
the fund to support other projects. The Revolving Loan Fund will
be administered by the RLF Commission and the KCEDC Board of Directors.
What is a Revolving Fund?
Kossuth County’s Revolving Loan Fund will
provide up to $50,000 in financing for new or existing business
or industry to locate or expand in Kossuth County. These loans are
provided at a reduced interest rate.
A Revolving Loan Fund:
- Supports growth of community industrial parks and/or a county
industrial park
- Entices business & industry to expand or locate in Kossuth
County
- Provides “gap financing”
When the loan is repaid, it replenishes the fund
to support other projects.
The Revolving Loan Fund can also work with state
and federal grants to help business and industry.
The Revolving Loan Fund will be administered by
the KCEDC Board of Directors.
Objectives
- Encourage existing businesses to expand
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Foster entrepreneurship
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Attract new business & industry to our
13 communities
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Enhance the quality of life with additional
tax revenue for public services
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Increase rural population and local tax
base
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Capitalize on the strengths of our schools,
medical facilities, service business and local infrastructure
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A non-refundable Application Fee is required
upon submission of the application.
Purpose
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Aggressively encourage start-up new businesses
and existing businesses to expand.
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Serve as a partner for available state &
federal grants
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Great way for businesses to build a positive
credit history.
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Excellent for existing expansions on needs
for technology, equipment, buildings and working capital for
business start-ups.
| Revolving Loan Fund
Investors |
| Businesses |
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Financial Institutions |
Elbert Chevrolet
Pharmacists Mutual
Buchanan Law Firm
West Bend Elevator
Aluma
MGP
Kemna Motor Co.
Oakcrest
Prestage Stoecker Farms
AMU
AAED
Erpelding, Voigt & Co. LLP
SBEMCO
Pioneer
3-Utilities
City of Algona |
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Iowa State Bank
Titonka Savings Bank
Farmers State Bank
Security State Bank
Farmers & Traders Savings Bank
Bank Plus
State Bank of Ledyard
Farmers Trust & Savings Bank
Corwith State Bank
West Iowa Bank
Citizens CCU
Bank of America
Northwest Federal Savings Bank |
Revolving Loan Fund
Review Committee
Jim Voigt
Erpelding & Voigt
Algona |
Bill Mullins
Security State Bank
Algona |
Todd Schwartz
Titonka Savings Bank
Titonka |
Don McGregor
Board of Supervisors
Algona |
Maureen Elbert
KCEDC
Algona |
Craig Deim
Pioneer Sales Representative
Swea City |
Jason Wartick
Iowa State Bank
Algona |
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