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EDA Revolving Loan Fund Resource Center

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The EDA Revolving Loan Fund Program is a staple of the federal economic development access to capital delivery system. The program, established in 1975, is designed to provide grants to state and local governments, political subdivisions, and nonprofit organizations to operate a lending program that offers low-interest loans to businesses that cannot get traditional bank financing. Grant recipients are required to manage their RLF according to their RLF administrative plan, a document that describes the lending strategy and administrative procedures for a specific RLF project.

The EDA RLF Resource Center is provided as a component of the CDFA EDA RLF Best Practices Program. The Resource Center is a centralized location to learn about a variety of best practices related to revolving loan funds and download materials from trainings and webinars as well as sample loan applications, marketing materials, RLF plans, regulatory guidance, and more.

EDA RLF Grantees are encouraged to share sample materials from their organizations. Resources should be sent to info@cdfa.net.

For more information on the EDA Revolving Loan Fund Program pleasse visit EDAs website at www.eda.gov/rlf/.

Want regular updates on Revolving Loan Funds? Subscribe to CDFA's Revolving Loan Fund Finance Update newsletter.

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-Understanding Revolving Loan Funds

CDFA Spotlight: Revolving Loan Funds (RLFs)
This CDFA Fact Sheet covers the basics of how Revolving Loan Funds (RLFs) work and includes resources for creating, capitalizing and implementing a program.
A Guide to Public Sector Business Loan Funds
This report, produced by the National Association of Development Organizations (NADO) Research Foundation and the Development District Association of Appalachia, examines the role of public sector loan funds and includes discussions on best practices
Establishing a Revolving Loan Fund
This fact sheet, produced by the Ohio State University Extension, discusses how to establish a loan fund to encourage small business development in a community. Included in this fact sheet is a discussion on the role of Revolving Loan Funds and the basic steps in establishing a Revolving Loan Fund.
Administering a Revolving Loan Fund
This fact sheet, produced by the Ohio State University Extension, discusses the basics of administering a Revolving Loan Fund. The fact sheet includes advice from application through loan servicing.
Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how a RLF program can complement economic development strategies, encourage investment and assist traditionally underserved businesses. With seven case studies of proven RLF programs and over twenty sample documents, policies, and applications, this guide covers the essential elements of operating a successful RLF program.

-Federal Regulations

EDA Revolving Loan Fund Risk Analysis System
The Notice summarizes the risk-based RLF Program measures, scoring criteria, and the effects of an RLF Recipient’s score.
Revised EDA Revolving Loan Fund Regulations
EDA has released their final rule in response to the 103 comments received on the proposed rules from November, 2016. The new rules went into effect on January 2, 2018.

-EDA Revolving Loan Fund Plans

Village of Rantoul, IL EDA RLF Plan
This RLF plan, produced by the Village of Rantoul, Illinois, was adopted in 2017.
Lane Council of Governments EDA RLF Plan
This RLF plan, produced by the Lane Council of Governments, was adopted in 2014.
Benton Franklin Council of Governments EDA RLF Plan
This RLF plan, produced by the Benton Franklin Council of Governments, was adopted in 2015.
Northwestern Indiana Regional Planning Commission EDA RLF Plan
This RLF plan, produced by the Northwestern Indiana Regional Planning Commission was adopted in 2016.
Southwestern Wisconsin Regional Planning Commission EDA RLF Plan
This RLF plan was produced for the Southwestern Wisconsin Regional Planning Commission.
View More EDA Revolving Loan Fund Plans

-Marketing Materials

Tyler Economic Development Council EDA Revolving Loan Fund Brochure
This brochure is used to market the Tyler Economic Development Council EDA Revolving Loan Fund.
Two Rivers Regional Council of Public Officials EDA Revolving Loan Fund Brochure
This brochure is used to market the Two Rivers Regional Council of Public Officials EDA Revolving Loan Fund.
Southwestern North Carolina Economic Development District EDA Revolving Loan Fund Brochure
This brochure is used to market the Southwestern North Carolina Economic Development District EDA Revolving Loan Fund.
Southwest Iowa Planning Council EDA Revolving Loan Fund Brochure
This brochure is used to market the Southwest Iowa Planning Council EDA Revolving Loan Fund.
Southeast Kansas Regional Planning Commission EDA Revolving Loan Fund Guidelines
These guidelines are used to market the Southeast Kansas Regional Planning Commission EDA Revolving Loan Fund.
View More Marketing Materials

-Applications

Upper Coastal Plain Council of Governments EDA Revolving Loan Fund Application
This application is for the Upper Coastal Plain Council of Governments EDA Revolving Loan Fund.
UDI Community Development Corporation EDA Revolving Loan Fund Application
This application is for the UDI Community Development Corporation EDA Revolving Loan Fund.
Southwest Iowa Planning Council EDA Revolving Loan Fund Application
This application is for the Southwest Iowa Planning Council EDA Revolving Loan Fund.
Southwest Georgia Regional Commission EDA Revolving Loan Fund Application
This application is for the Southwest Georgia Regional Commission EDA Revolving Loan Fund.
Southeast Missouri Regional Planning and Economic Development Commission EDA Revolving Loan Fund Application
This application is for the Southeast Missouri Regional Planning and Economic Development Commission EDA Revolving Loan Fund.
View More Applications

-EDA Revolving Loan Fund Training Materials

-EDA Revolving Loan Fund Webinar Series

CDFA EDA Revolving Loan Fund Webinar Series: Fund Recapitalization and ExpansionMembers only Login
Fund recapitalization can come from many sources, including local, state, and federal governments or financial and philanthropic institutions. Depending on the source, there may be certain requirements that need to be satisfied when moving through the actual lending process.
CDFA EDA Revolving Loan Fund Webinar Series: Revisiting Your Revolving Loan Fund Plan
Designing the Revolving Loan Fund is one of the most critical aspects of the program process. The design process should be thorough and clearly defined to address the goals and objectives of the RLF while also clearly outlining the expectations of borrowers. It’s important to have regular reviews of the RLF program to make sure it is still relevant and effective.
CDFA EDA Revolving Loan Fund Webinar Series: Building Partnerships to Maximize Your RLF Impact
The varying size of Revolving Loan Funds leaves many organizations without the financial and staff capacity to effectively support all aspects of a lending program and building partnerships can enhance its effectiveness and impact. Key partnerships could include providing technical assistance for borrowers, outsourcing the servicing of the portfolio, or even in some cases, partnering with another organization that can assume the management of the entire RLF program. Listen as Robyn Jacobson, Robin Weis, and Andy Rachlin discuss the various partnerships your organization can structure in order to maximize your RLF's impact.
CDFA EDA Revolving Loan Fund Webinar Series: Best Practices in Revolving Loan Fund Marketing
Hundreds of Revolving Loan Fund programs exist nationwide that are underutilized and in many cases unknown to the business and development industry. Marketing the RLF is a critical component in operating a successful program. A RLF agency should consider a variety of outreach methods in their specific community or region that can be employed in a marketing program. Listen Becca Schrader and Robin Weis discussed the best practices and innovative strategies they have learned and developed in marketing their RLF programs.
CDFA EDA Revolving Loan Fund Webinar Series: Utilizing the Toolbox Approach
Hundreds of development finance programs exist at the federal, state, and local level. These programs have been created to address the financing needs of business, industry, real estate, housing, environmental and community development entities. Individually, none of these programs are a silver bullet solution to economic development challenges. The toolbox approach brings together the best of these financing concepts and techniques to provide a comprehensive response to capital and resource needs. Listen as Toby Rittner with the Council of Development Finance Agencies discusses the various development finance tools that can be utilized to enhance the efforts of your Revolving Loan Fund.
View More EDA Revolving Loan Fund Webinars

The CDFA EDA RLF Best Practices Program was prepared by the Council of Development Finance Agencies using Federal funds under award ED17HDQ3030053 from the Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce.