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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 Louisiana Department of Health's Drinking Water Revolving Loan Fund was found to have inadequate controls over their financial statements, resulting in $855,606 in excess federal funds above ...
The Cooperative Development Foundation (CDF) is a 501(c)(3) charitable organization engaged in cooperative development in the United States. CDF administers revolving loan funds, provides grants, and fosters economic development through the formation of cooperatives.
Facing a price tag that could amount to $1.35 billion, Iowa water utilities are weighing how they would replace an estimated 96,440 lead service lines across the state under a proposed federal ...
By accessing money in the revolving fund, the non-profit can commit to the project, including signing contracts or issuing invitations, knowing that funding is available from the revolving fund. As the project is funded through donations or through revenue the project may generate, the funds can be repaid to the revolving fund.
Through this program, loans are made available to private nonprofit corporations, state or local governments, Native American tribes, or cooperatives of whom provide credit to finance business facilities and economic development projects in rural areas. [6] These work on a revolving loan basis. [6]
The Tribe is a partner in the Community Economic Development Fund, a revolving loan program that will help regional small businesses create jobs. The tribe is the first and only non-bank investor in such a program in Connecticut. In 2012, the Tribe hosted the annual U.S. Sustainable and Responsible Investing conference.