Areas Served: City of Mendota
The City of Mendota, Illinois has a business Revolving Loan Fund (RLF) program offering an attractive interest rate (currently 5%) with reasonable terms for eligible projects.
This loan was established with Community Development Assistance Program (CDAP) funds to spur job creation and/or retention.
One full-time equivalent job must be created or retained for every $15,000 provided.
Up to 50% of a project’s total costs are eligible, provided other program requrements are met.
Industrial and commercial projects of any size can apply.
Contact InformationCity of Mendota, Illinois
Address: 800 Washington Street
City: Mendota
State: Illinois
Website:
http://www.mendota.il.us/rlf.html
Leave a Reply