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: Trego County Trego County Economic Development offers a CDBG loan fund for businesses in Trego County, Kansas that are are low interest loans to businesses with the possibility of interest-only payments for the first 18 months. One job must be created for every $35,000. Matching funds are required. Contact InformationTrego County Economic DevelopmentAddress:
Read MoreAreas Served: Town of Lloyd Town of Lloyd Revolving Loan Fund: Provides financial assistance to businesses within the boundaries of the Town of Lloyd, New York. Loans are available for up to fifty percent (50%) of the total project cost up to a maximum of $75,000. The interest rate is three (3) points below prime
Read MoreAreas Served: Boundary, Bonner, Kootenai, Benewah and Shoshone counties, Florida Panhandle Area Council is dedicated to the economic development of North Idaho. To insure the continued growth and prosperity of small businesses in the region, Panhandle Area Council, through the assistance of the U.S. Small Business Administration, has designed the Small Business Micro Loan Program.
Read MoreAreas Served: Clare County Clare County Community Development offers a revolving loan fund for businesses in Clare County, Michigan. Loans are available up to $30,000 One job must be created or retained. Contact InformationClare County Community DevelopmentAddress: 225 W. MainCity: HarrisonState: Michigan Website: http://clarecommunitydevelopment.org/pdf_uploader/files/sm_business_app.pdf
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