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The program focuses on areas that have experienced or are under threat of serious structural damage to the underlying economic base. Under Economic Adjustment, EDA administers its Revolving Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business.
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]
The Providence Revolving Fund is one of the largest local revolving funds in the US. Another example would be a revolving fund established to provide support for programs that require a long-term commitment for planning well ahead of the non-profit's fund-raising cycle. By accessing money in the revolving fund, the non-profit can commit to the ...
Onconto-based Newcap, Inc. obtained the majority of the funds, $323,263, from the USDA’s Household Water and Well System grant to establish a revolving loan program for homeowners in Florence ...
Specifically, $200 million per year for brownfields assessment, cleanup, revolving loans, and environmental job training, and $50 million per year to assist State and Tribal response programs. The Environmental Protection Agency's Brownfields Program collaborates with other EPA programs, federal partners, and state agencies to identify and ...
Diagram explaining the use of state revolving funds. A state revolving fund (SRF) is a fund administered by a U.S. state for the purpose of providing low-interest loans for investments in water and sanitation infrastructure (e.g., sewage treatment, stormwater management facilities, drinking water treatment), as well as for the implementation of nonpoint source pollution control and estuary ...
Development financial institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from ...
SRF programs may issue debt guaranteed by SRF funds. The revenue generated is used to provide assistance to borrowers for eligible projects. This greatly expands the capacity of a program in the near-term. Provide loan guarantees. Similar revolving funds established by municipalities or inter-municipal agencies can receive loan guarantees. [7]