Areas Served: Benton, Cedar, Iowa, Jones and Washington Counties, and the rural areas of Johnson and Linn Counties.
RLF funds are available to all qualifying for-profit businesses in the ECICOG region of Benton, Cedar, Iowa, Jones and Washington Counties, and the rural areas of Johnson and Linn Counties and will offer below market interest rates and fixed terms.
Initially, a significant portion of assistance provided through the RLF will be for the benefit of businesses and business sectors adversely impacted by the Natural Disasters of 2008. As the region’s redevelopment progresses, the RLF will have the opportunity to assist in promoting various economic sectors.
The RLF will make loans to businesses at a rate no less than 4%.
Other terms may vary, depending on the purpose of the loan, which may include working capital, purchase of machinery and equipment, and/or purchase of real property.
Initially, a significant portion of the assistance provided may be for the benefit of businesses and business sectors adversely impacted by the natural disasters.
However, as the region’s redevelopment progresses, the RLF will have the opportunity to support business development and start-up throughout the region.
Contact InformationEast Central Iowa Council of Governments
Address: 700 16th St
City: Cedar Rapids
State: Iowa
Website:
http://www.ecicog.org/program–funding-types.html
Leave a Reply