In an effort to promote and encourage economic development within the city limits of Lake Mills and up to one mile outside the Lake Mills city limits, the Lake Mills Chamber Development Corporation has established a revolving loan fund to provide financial assistance of amounts up to $50,000 for small and emerging private business enterprises. Initial funding for this program was provided through a grant from the United States Department of Agriculture using federal Rural Business Enterprise Grant funds (USDA RBEG). The original grant funds carry specific restrictions, which must be adhered to both by the Lake Mills Chamber Development Corporation and subsequent loan recipients. The restrictions may vary on loans using revolved funds.
This loan can be used alongside the Winn-Worth Betco. Revolving Loan to fund project, but cannot be used alongside the City of Lake Mills Revolving Loan to fund projects.