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Kewaunee County extends deferral of small business loan payments

To help in the recovery from the COVID-19 shutdown, Kewaunee County has extended the temporary deferral of the Revolving Loan Fund (RLF) for small businesses another four months.  The Kewaunee County Finance Committee agreed with the postponement of all principal and interest payments through September 30.  The original Emergency Order had allowed deferral for April and May.  Kewaunee County Administrator Scott Feldt explains the type of small businesses that are benefiting from the RLF program.

 

 

Kewaunee County has nine businesses with about $425,000 in outstanding loans currently.  Those businesses can always have the option to continue making payments.  Feldt adds that the Revolving Loan Fund's purpose is to provide gap financing for small business development and expansion.  

 

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