ICAP Programs > Economic Development
Revolving Loan Fund
The Revolving Loan Fund started in 1991, with the first loan being made in June of that year. The purpose of the RLF is to create jobs for low-income persons either by helping them to start their own businesses or to help businesses that then hire one or more low-income persons. The program provides collateral for business loans, in the form of Certificates of Deposit (CDs), as part of the business finance package. Program staff also assist the applicants with business planning, marketing, and other similar needs.
Contact Information
Lisa Ronke
Revolving Loan Fund Coordinator
Inter-Lakes Community Action, Inc.
1221 N Maple
Watertown SD, 57201
(605) 886-7674 x11
or email: lronke@interlakescap.com
To find out more about these programs or if you would like to become involved please contact us at our administrative office in Madison, or contact your local satellite office.
Inter-Lakes Community Action Partnership 
111 N Van Eps Madison, SD 57042
PO Box 268
Phone: 605.256.6518
Fax: 605.256.2238
cbarry@interlakescap.com