Part of the loan fund's early start-up capital comes from the Grand Rapids Community Foundation, which provided a $100,000 grant as well as a $200,000 low-interest loan to help get the fund going. While currently focused on Michigan, Rende Progress Capital plans on expanding its operations to the District of Columbia and Virginia.

In January, the Sand Dollar Funds received an initial donation of $5,000 in seed money to create a revolving loan fund for the Moore County-based community development organization. In addition, the local nonprofit has formed a new partnership with Piedmont Business Capital to help new or expanding businesses in economically distressed areas of the Sandhills have a better shot at success.

NH Sen. Jeb Bradley, R-Wolfeboro, called it a "big ask." But it turns out that Senate Bill 15 wasn't a hard sell at all. His bill calls for allocating $10 million up front and, starting in October, $5 million a year from the real estate transfer tax, to go to a dedicated fund to support affordable housing projects.

North Dakota voters decided in 2010 to set aside 30 percent of state oil and gas tax revenues for the Legacy Fund. The trust fund was inaccessible until 2017, but now – and every two years into the future – the Legislature can use the fund's earnings with a simple majority vote.

The $40,000 no-interest loan is designed to incubate businesses in the Methow Valley. It will help fund renovations to 1,650 square feet of interior space in the "West Shed" area of TwispWorks, 502 S. Glover St. The area now serves as outdoor equipment and vehicle storage bays.

The 25,000-square-foot clinic is the first project to receive funding—$2.5 million—from the state Community Health Care Revolving Capital Fund. The $19.5 million fund was created last year through a public-private partnership between the state and Primary Care Development Corp.

The Conneaut Foundation and the 503 Corporation established a Revolving Loan Fund (RLF), which will provide capital to start up and existing businesses looking to get started or expand their operations. Loan funds can be used for real estate acquisition, working capital and machinery and equipment.

CDFA EDA Revolving Loan Fund Webinar Series: Staffing and Day to Day Management Approaches
February 19, 2019 - 2:00 PM Eastern

>>> VIEW THE RLF RESOURCE CENTER