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The Economic Development Administration's Revolving Loan Fund Program supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business. EDA's regional offices award competitive grants to: Units of local government; State governments; Institutions of higher education; public or private non-profit organizations; EDA-approved economic development district organizations; and Indian Tribes. Each EDA-funded RLF sets its own underwriting and risk management policies, and determines interest rates, loan terms, and maximum assistance levels in accordance with its own policies, as well as the unique characteristics of each loan. Businesses should contact EDA-funded RLF recipients directly to inquire about these details.
Eligibility: Please contact local state Revolving Loan Fund providers for details on specific loan programs.
Learn More: http://eda.gov/resources/