ECIA Business Growth

A regional response to local needs

7600 Commerce Park
Dubuque, IA 52002
800-942-4648 (Iowa Only)
563-556-4166


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Loan Programs



Jackson County Revolving Loan Fund


The Jackson County RLF supplies up to $250,000, to purchase fixed assets and targets manufacturing, and service industries located within Jackson County.


Eligible Projects


Fixed-asset acquisition or expansion including:


• Acquisition/installation of machinery or equipment
• Purchase of land and/or construction of new buildings
• Purchase and/or renovation of existing buildings
• Financing of working capital in special situations


Advantages


Low down payment - as little as 10%. Allows the small business owner to preserve critical working capital


Short or long term - 5-15 year terms


Low interest rate - generally between 2-4%


Lending Parameters


$250,000 Maximum project size


1.5% processing fee and legal costs, no servicing fee


Goal of 1 Full Time Equivalent (FTE) position created for each $100,000 lent


Collateral required, lien position may be subordinated to private lender


Personal Guarantee usually required, other security as necessary


Positive recommendation from the RLF review committee and approval by Board of Supervisors


Click Here to Download PDF Brochure


Click Here to Download Loan Application