A revolving loan fund (RLF), sometimes referred to as a microloan program, is a pool of money where loans are made and the repayments are returned and lent out again, which then allows for other similar investments. For our purposes, we are looking at a revolving loan fund focused on small businesses. There are thousands of low-interest, small
Read MoreAreas Served: Harford County’s U.S.Route 40 Corridor, including the Edgewood/Joppa and Greater Aberdeen/Havre de Grace Enterprise Zones The Office of Economic Development offers financial support to businesses of all sizes, and works closely with the business community to obtain traditional financing, venture capital and local, state and federal loans. Financial programs are available for: –
Read MoreAreas Served: Jefferson The EDA Revolving Loan Fund Program provides direct loans for the purchase of land, buildings, machinery, equipment and new expansion. Limited to businesses located within the City of Birmingham. Contact Information Address: 710 North 20th Street City: Birmingham State: Alabama Website: https://ieo.birminghamal.gov/
Read MoreAreas Served: Licking County Licking County and the City of Newark established the RLF to help stimulate economic development and job creation. Under the RFLP, payments of approved loans re-circulate into new loans, economic development, and jobs. The RLF helps overcome gaps in available financing which could inhibit business and industry from obtaining credit and
Read MoreAreas Served: Bell, Clay, Clinton, Cumberland, Estill, Harlan, Jackson, Knox, Laurel, Lee, Leslie, Letcher, Lincoln, Madison, McCreary, Owsley, Perry, Pulaski, Rockcastle, Russell, Wayne, and Whitley counties The Micro-Enterprise Loan Fund is designed to encourage the development of Kentucky small businesses by extending credit and providing technical assistance. All expansions and start-ups are eligible with the
Read MoreHave a Question About Getting a Business Loan?
CLICK HERE TO ASK