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: Wright County The purpose of the Wright County Dairy Modernization Loan is to encourage improvements in the Minnesota dairy industry. Through this program, administered by the Economic Development Partnership of Wright County and participating lending institutions, loans are made to help businesses meet a portion of their financing needs. Loan Amount ·
Read MoreAreas Served: Sheldon County SCDC Revolving Loan Fund (RLF) A loan pool of in excess of $1,800,000 is available to fund new or existing industrial and commercial projects in Sheldon County, Iowa. Projects are evaluated on the local economic benefits potential for the community. Projects must be unable to obtain full conventional financing. A maximum
Read MoreAreas Served: Orange County The Small Business Credit Initiative Loan Guarantee can be used in Orange County, California for any standard business purpose, such as expansion into new facilities, the purchase of new equipment, or development of a new market. The loan must target an average borrower-size of 500 employees or less and cannot extend
Read MoreAreas Served: Statewide Delaware Limited Investment for Financial Traction (LIFT) is a loan program designed to help Delaware small businesses improve cash flow, expand and become financially sound. This loan program is designed to allow participating small businesses to defer interest payments on their line of credit for a two-year period. Eligible businesses must meet
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