Revolving Loan Fund
701 North 7th Street
Office Hours are Monday thru Friday, 8 a.m. to 5:00 p.m.
The Unified Government recognizes the needs of the small business community. To address this challenge, we are pleased to offer the Revolving Loan Fund (RLF).
- Real Estate Loan - Up to 15 year term
- Machinery & Equipment Loan - Up to 10 year term
- Working Capital - Up to 3 years
- Maximum loan of $200,000
- All applicant must submit documentation from a financial institution
denying full participation on the project
- The Loan requires a 2 to 1 private to public dollar match
- For example, the purchase of a 300,000 facility
would be requiring $200,000 from the applicant to
recieve $100,000 from the Revolving Loan Fund
- For every $50,000 of a RLF loan, the applicant must create one
new full time job.
- Each loan will require sufficient collateral to secure the
repayment of the loan.
- Funds used for construction must comply with Davis-Bacon provisions