The Fond du Lac County Economic Development Corporation hopes changes to its Revolving Loan Fund program will encourage more business expansion. FCEDC president Steve Jenkins says beginning with loans approved after July 1st, businesses may qualify for rates as low as one percent. Jenkins says interest rates will begin at four percent and companies may qualify for a rate reduction as low as one percent depending on factors that include the tenure and credit risk of the business and how many low to moderate income jobs would be created. Jenkins says he hopes the financial incentive will encourage more businesses to expand. For more information about the program you may call the FCEDC at 929-2928.
