​​Loan Program Home Page

History

Letters l o a n pinned to graphic depicting the ups and downs of interest rates. 

Since 1871, BCPL has invested in loans to municipalities and school districts for public purpose projects including economic development, local infrastructure, capital equipment and vehicles, building repairs and improvements, and refinancing existing liabilities to reduce future borrowing costs.

Today BCPL is among the largest public investors in economic development projects and local infrastructure projects within the State of Wisconsin. Over the past 10 years, we have invested over $1 billion in communities throughout Wisconsin.

Photos of projects financed by BCPL.

Interest Rates

Loan Term
 Interest Rate
2 Years
6.00%
3 - 5 Years
6.00%
6 - 10 Years
6.25%
11 - 20 Years
6.75%
Current General Obligation Loan Interest Rates (eff. 07/29/2026)

Revenue Loan Interest Rates - Revenue loans have more risk than general obligation loans, so revenue loan interest rates will always be higher than the general obligation rates shown above. The interest rate offered by BCPL on any revenue loan will be based on an analysis of the risks specific to each individual transaction. Revenue loans require additional information and documentation designed to allow BCPL staff to analyze those risks prior to loan application. Please see the Revenue Loan Worksheet PDF icon indicating link will open a PDF file in a new tab application request for a list of required information.

BCPL Loan Disbursements by Purpose

Loan Purpose
Total LoansPercent of All Loans
Economic Development
$175,204,018
20.3%
Buildings and Infrastructure
$505,622,569
58.7%
Capital Equipment and Vehicles
$99,738,777
11.6%
Refinance Debt
$51,538,310
6.0%
Refinance Pension Liability
$6,838,872
0.8%
Operations
$22,453,169
2.6%
TOTAL
 $861,395,715

Fiscal Years 2017 - 2026 (July 1, 2017 - June 30, 2026)

Loan Process

Close up of fountain pen tip being used to apply a signature to a document 
BCPL offers fixed rate loans with interest rates that are competitive with the bond market and other financial institutions. Our application process is extremely simple and borrowers pay no application fees, prepayment penalties, or any other fees.

Of course, the best part of the loan program is that interest earned is distributed annually to fund public school library materials throughout Wisconsin.

Still have questions? Contact Richard Sneider at (608) 261-8001 (office), (608) 572-1611 (cell) or richard.sneider@wi.govEmail icon indicating link will open the user's default email handler.

Loan Program Resources