The SIB has total assets of approximately $3 million, a portion of which is available for new loans at any particular time. An estimated $200,000 – $300,000 are made available for new loans each year from the repayment of existing loans. Loans are made at market interest rates unless a hardship exists, in which case a reduced rate may be granted by the Secretary of the Wisconsin Department of Transportation (WisDOT).
A county, city, village, town or other government entity, a private non-profit organization that is sponsored by an eligible community, or a Transit Commission may apply.
Competitive loan and credit options to help communities finance eligible transportation projects
Applications are accepted on a continual basis
Loans are considered on a first-come, first-served basis, subject to available funds.