Areas Served: Berkley, Charleston and Dorchester counties
The Revolving Loan Fund’s (RLF) primary goal is job creation and protection for buinesses in Berkley, Charleston and Dorchester counties in South Carolina.
It is a federally initiated, state-backed program designed to assist businesses whose projects should improve the tri-county economy.
Eligible uses for loans include the purchase of equipment and land and the improvement of real estate and building facilities.
Despite its federal oversight, the program remains locally controlled.
The people who make the decisions on project funding are Charleston area business people, community leaders and bankers.
The Revolving Loan Fund specializes in gap financing, or resolving cash shortages that would prevent a successful closing.
Contact InformationBCD Council of Governments
Address: 1362 McMillan Avenue, Suite 100
City: Charleston
State: South Carolina
Website:
https://bcdcog.com/revolving-loan-fund/
Leave a Reply