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: City of Madelia The City of Madelia offers revolving loans fund for businesses in Madelia, Minnesota. Contact Information City of Madelia, Minnesota Address: 116 West Main St City: Madelia State: Minnesota Website: https://www.madeliamn.com/
Read MoreAreas Served: Bondurant, Iowa In an effort to promote and encourage economic development within the community of Bondurant, Iowa, Bondurant Development, Inc. offers a Revolving Loan Fund to provide financial assistance to new and expanding businesses locating or located in the community of Bondurant. PURPOSE The Revolving Loan Fund Program is designed to provide supplemental
Read MoreAreas Served: City of Cherryvale The City of Cherryvale, Kansas has established a $100,000 revolving loan fund to help start-up and existing businesses. Loans are available of up to $25,000. Interest rates are between 0% and 2% above prime. Contact InformationCity of Cherryvale, KansasAddress: 123 W MainCity: CherryvaleState: Kansas Website: http://www.cherryvaleusa.com/Economic%20Development/Brochure%20RBEG.pdf
Read MoreAreas Served: Athens, Hocking, Meigs, Monroe, Morgan, Noble, Perry, and Washington Counties The Revolving Loan Fund (RLF) offers loans to Ohio businesses in Athens, Hocking, Meigs, Monroe, Morgan, Noble, Perry, and Washington Counties. Such funds are used in the event that full financing cannot be obtained from a bank, or to fill the “gap” between
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