RLF Program Database

The RLF Program Database provides details on loan funds throughout the country. Resources are restricted to CDFA members only. CDFA members must login with their unique CDFA username and password to access restricted items. Non-members can join CDFA today to gain access to the entire database. Visit the CDFA RLF Resource Center to learn more about loan funds, or submit your RLF for this database.

Rising Tide Community Loan Fund

State	Pennsylvania
Managing Organization	Community Action Committee of the Lehigh Valley
Website	http://www.therisingtide.org
Capitalization Source(s)	CDFI Fund; Borrowed funds from banks; Group of "investors"
Source Category	Federal Private
Federalized	No
Number of Loans/Year	16
Dollars of Loans/Year	$500K
Current Capitalization	$300K
Default Rate	8%
Eligible Business Types	Micro and small businesses located within Lehigh and Northampton Counites of Pennsylvania
Prohibited Business Types	Bars without significant food component
Eligible Uses	All legitimate business puprposes permitted
Working Capital Allowed	Yes
Loan Minimum	$0
Loan Maximum	$75K
Loan Terms	Up to 10 years
Loan Rates	Average 10%
Collateral Requirements	Collateral required; Amount based on assets of applicant, amount requested and credit history
Private Match Required	No
Early Payment Fee/Penalty	No
Convertible to Grant	No
Additional Information	N/A
Link(s) to Overview
Link(s) to Program Guidelines
Link(s) to Application
Link(s) to Marketing Material