SCEPI administers two Revolving Loan Fund, RLF), programs - one for businesses that are located in the City of Shawano and another for businesses located elsewhere in Shawano County. Each RLF loan program can provide matching fund loans of not more than 50% of total project costs.

Interest Rate & Terms

The interest rate and term are set individually for each loan and generally rangefrom 2%-7% depending on the current prime rate, economic benefits and risk assessment of the loan.  Business must create at least one full time job for each $20,000 of RLF loan funds within the first two years of a successful loan award. Loan terms are flexible.  Note that we will seek the best possible collateral position for RLF loans.

Eligible Activities:
Acquisition of land, buildings, and fixed equipment.
The payment of assessments for sewer, water, street, and other public utilities, if the provision of the facilities will directly create or retain jobs.
Acquisition of inventory.
The construction, reconstruction, or installation of buildings, fixed equipment, and site improvements.*
The clearance, demolition, removal, or rehabilitation of buildings and improvements.*

*While eligible, these activities are strongly discouraged due to federal requirements but can be used as match for our loans.