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Revolving Loan Funds Update
April 11, 2017
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Revolving Loan Fund Finance Update


Madison County, NE Approves RLF for Manufacturing Business
The Madison County board of commissioners approved a 15-year, zero percent interest loan for a cold storage and industrial doors manufacturer. The total $275,000 approved includes about $159,000 in its revolving loan fund, with other funds provided by the state.

TX Ports Could Benefit from Proposed Loan Program
Legislation headed to the Texas House would create a RLF to help ports deepen and widen their ship channels .Four current projects in Texas total about $2 billion have been given the go-ahead from Congress but have not been given federal funding. Roughly $800 million of that is non-federal costs.

Kendall Co. IL to Provide Economic Development Cash to Cities
The Kendall County Board voted 5-4 to allow the county to loan local governments - including the county - money through its economic development revolving loan funds. Those voting against the measure said they didn't know the parameters of the loans to governments before voting on the measure.

NYC Starts RLF to Support Minority and Women Owned Businesses
The loans, offered by the Department of Small Business Services, include flexible repayment schedules to help Minority and Women-owned Business Enterprises increase access to capital and grow their business. Qualifying businesses may apply for up to $500,000 of funding.

CDFA Launches Improved RLF Resource Center
CDFA has launched a new and improved RLF Resource Center. Visit this page to explore our RLF Program Database, Case Studies, Policy Manuals, Headlines, and Webcasts. This page will serve as a one stop shop for all of CDFA's RLF resources.

TN State RLF Awards $14.2M for Water and Wastewater Construction
Big Creek Utility District is among the three communities and two utility districts that have been approved to receive over $14.2 million in low-interest loans for water and wastewater infrastructure improvements from the state RLF program.

Lake Country Power Provides RLF to Support Food Co-op in MN
Natural Harvest Food Co-op recently received a $100,000 revolving loan fund from Lake Country Power to support its expansion into a new 9,000 square-foot building. The revolving loan fund that LCP administers came about from previous economic development grants received through the USDA.

Downtown Aurora, IL Could See Two More RLF Projects
No sooner did Invest Aurora announce the formation of the new revolving loan fund for renovating older buildings in Aurora, and announce its first recipient, than it came forward with the potential second and third recipients.

$500K RLF Will Support New Six-Story Muskegon, MI Building
Other financing for the project includes $1.5 million committed by the Community Foundation for Muskegon County, $2.72 million from Community Shores Bank and a $1.5 million state grant the developers have applied for, according to information the developers provided to the city of Muskegon.

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