Areas Served: Mercer County, Illinois or Muscatine County, Iowa.
The Mercer-Muscatine County Revolving Loan Fund (RLF) is a federally capitalized loan fund that provides gap loans to businesses that are creating or retaining jobs in Mercer County, Illinois or Muscatine County, Iowa.
Rate: Interest rates are very competitive, typically lower than market rates Term: Not to exceed ten years, based upon the use of funds Equity: 10% equity injection is required Job Creation: $15,500 per job (maximum RLF money per job created/retained)
Contact InformationBi-State Regional Commission
Address: 1504 Third Avenue
City: Rock Island
State: Illinois
Website:
http://www.bistateonline.org/cgi-script/upload/upload/Economic%2520Development%2520%252d%2520Economic%2520Development%2520Loan%2520Application%252edb/Mercer-Musco-RLF-Brochure.pdf
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