Revolving-Loan Fund

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Revolving-Loan Fund

A pool of liquidity that may be loaned to a business. When it is repaid, the capital becomes available to be loaned to another business. A revolving loan fund is intended to assist in business development but, because money is limited, it may only be loaned out to one company at a time. A revolving loan fund begins with a donation; that is, the initial capital that forms the fund need not be repaid.
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The Southern Maine Planning and Development Commission (SMPDC) is deeply appreciative of the supplemental funding for our Revolving Loan Fund Program, which will enable us to continue with our active clean-up efforts in communities both large and small all over York and southern Oxford County.
The Economic Development Revolving Loan Fund was started 25 years ago by Salt Lake County in partnership with (and an initial grant from) the US Department of Housing and Urban Development (HUD) as a USD 2m fund targeting small businesses that need short-term capital in economically challenged industries and/or sections of Salt Lake County.
Separate from the revolving loan fund, the economic development grant program was started about a decade ago, Mizejewski said, and has helped dozens of local businesses buy equipment and hire workers.
This organization has had previous assessment grants and has a current revolving loan fund grant.
Program Manager Muhammad Al Zoubi remarked that the agreement ensures that the " Al Azraq Multi Purpose Community Cooperative is able to take full legal ownership and manage the revolving loan fund after completing a comprehensive program of capacity building and gaining hands on experience over the past two years .
3 million in revolving loan funds grants from the EPA.
The revolving loan fund brings to the table a mix of lenders with varying risk tolerances, according to Arkansas Enterprise Group spokeswoman Phyllis Anderson.
This growth is due in large part to technical assistance grants and a $15 million revolving loan fund established by Congress and administered by the National Credit Union Administration, the federal agency that oversees and insures the nearly 12,000 credit unions nationwide.
The revolving loan fund will provide long-term loans and comprise only part of larger financial packages, which will include other sources of capital including bank, Small Business Administration, and state funds.
The $50 million revolving loan fund is among seven winners recognized this year for using creative approaches to build strong, sustainable communities while protecting human health.
25 million, 10-year loan from Community First Fund, a USD50 million revolving loan fund that provides direct support to CDFIs, community development loan funds, and state housing finance agencies serving Illinois and Wisconsin.
Environmental Protection Agency (EPA) announced today the selection of five communities in Florida to receive Assessment, Revolving Loan Fund and Cleanup (ARC) grants for new investments to provide communities with funding necessary to clean and redevelop contaminated properties, promote economic redevelopment and create jobs while protecting human health.