Development projects are usually funded primarily through owner equity and private bank financing.
When owner equity and conventional bank financing do not cover all the required funding, the Dodge County Economic Development Authority has unique tools designed to assist owners in closing those “gaps.”
Owner Equity – Owner equity must be present in every project, with the minimum amount usually about 10-15% of the total project cost. More owner equity in a project typically reflects a stronger application.
Bank or Private Loan – These more traditional financing methods will usually provide 40 - 90% of the project’s funding.
Gap Financing – When owner equity, bank or private loans don’t cover the entire project cost, “gap” financing can provide the remaining amount necessary to fill in any remaining holes in the financial plan. Gap financing can come from multiple sources and can usually supply up to 50% of a project’s funding.
Revolving Loan Fund
One tool that the EDA has developed to assist with gap financing is the Revolving Loan Fund. The Dodge County Revolving Loan Fund (RLF) originated from State assistance provided through special legislation for the flood that occurred on August 18, 2007. The primary objective of the fund is the creation and retention of jobs in Dodge County.
Revolving Loan Fund Guidelines
Revolving Loan Fund Application
In addition to the Revolving Loan Fund program, the Dodge County EDA has access and the ability to help with numerous other federal, state, and local incentives. For more information on additional programs that are available, click the link below for or contact the Dodge County EDA.
Guide to Business Incentive Programs
Business Subsidy Policy
Business Subsidy Application