Revolving Loan Fund
Purpose of Revolving Loan Fund
A revolving loan fund is a gap financing measure primarily used for development and expansion of small businesses and entrepreneurial ventures. It is a self-replenishing pool of money, utilizing interest and principal payments on old loans to issue new ones.
Application Process
Applications for RLF funds will be accepted on a continual basis until funds are depleted. All applicants for RLF funding will be required to complete an application form and provide a corresponding business plan with verifiable data which demonstrates that their proposed projects are economically feasible, sustainable, and will provide benefits to the rural/micropolitan community, either through job creation or infrastructure and/or facility improvements. This includes façade improvements.
