Business Friendly Lending. 

Ashland Area Development Corporation administers eight Revolving Loan Funds (RLF's) to assist businesses in Ashland County.  RLF's provide potential funding, often referred to as gap financing, for projects that cannot meet all their financing needs in the private sector.  These RLF's usually provide secondary financing in partnership with other local lenders and are designed to provide an incentive for businesses to locate and/or expand in Ashland County.  RLF funding is quite often the final piece of the puzzle which allows a project to proceed.   

For more information about these RLF's or other potential funding sources, please contact AADC Executive Director, Betsey Harries, at (715) 682-8344.

Listed below are the 8 Revolving Loan Funds which are administered by Ashland Area Development Corporation

  • Ashland County (for a chart illustrating the County RLF process, click here)

  •  Ashland Area Chamber of Commerce

  • City of Ashland (for a chart illustrating the City RLF process, click here)                   

  • Ashland Area Development Corp.

  • Butternut                                                                                                                            

  • Ashland Area Economic Development

  • Town of Jacobs/Glidden                                                                                                  

  • Ashland Area Enterprise Center

 For your convenience, below are some of the financial documents that are part of a loan application.
 
Personal Financial Statement
Projected Balance Sheet
Projected Cash Flow Statement
Projected Income (Profit & Loss) Statement
Sources and Uses Table
Business Start-up or Expansion Financial Worksheet
 

Nondiscrimination Statement
"USDA is an equal opportunity provider, employer, and lender."