Areas Served: Autauga, Elmore and Montgomery
The Revolving Loan Fund (RLF) program enables CARPDC, in collaboration with a private lender, to financially assist small and medium sized businesses in Autauga, Elmore and Montgomery Counties.
The RLF is designed to make loans to businesses whose start-up and expansion will result in the creation or retention of permanent jobs and the enhancement of private sector investments.
Revolving loans range from a minimum of $10,000 to a maximum of $150,000. The RLF must be leveraged by a private lender and equity injection by the borrower.
RLF participation cannot exceed 1/3 of the total project coSt. Funds can be used to: – Purchase land or buildings – Construct or renovate a building – Purchase machinery and equipment – Provide working capital – Provide pollution or other environmental control
Contact InformationCentral Alabama Regional Planning and Development
Address: 125 Washington Avenue 320 Suite
City: Montgomery
State: Alabama
Website:
http://carpdc.com/?page_id=629
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