Areas Served: City of Tacoma Revolving Loan Fund The RLF is funded by the Federal Housing and Urban Development Department and the Department of Commerce. Borrowers are required to meet all federal regulations, guidelines, policies, and requirements as they relate to the program. It can supplement private financing by providing a portion of the project
Read MoreA 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: Barbour, Coffee, Covington, Dale, Geneva, Henry, Houston The SEARP&DC Rural Business Enterprise Grant/Microloan Revolving Loan Fund Program is a locally controlled source of capital used to finance startup and expanding businesses or entrepreneurial projects in rural areas of Barbour, Coffee, Covington, Dale, Geneva, Henry and Houston Counties. This loan is a direct loan
Read MoreAreas Served: City of Newark The City of Newark, Pennsylvania using Federal Community Development Block Grant monies, provides a 0% interest loan program for façade improvements. Newark property owners and businesses may qualify for loans up to $2,000 for each project. Eligible activities include painting, siding, signs, landscaping, doors, window treatments, awnings, canopies and lighting.
Read MoreAreas Served: Philadelphia Phase 1 (loans of $1,500 to $2,500) ¢ Interest Rate: 7% ¢ Term up to one calendar years and/or 12 months Borrower Requirements: ¢ Current Credit Report (Lending decision is not based solely on credit report; however a credit repair workshop will either be recommended or required) ¢ Business Plan ¢ Tax
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