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 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.
Before today's handover, NHF offered community members and the Al Azraq Multi Purpose Community Cooperative revolving loan fund management training.
"The revolving loan fund has the potential to help local farmers meet their infrastructure needs, diversify products, increase environmental practices, fill gaps in the local food supply and create new markets," said Co-op General Manager Jim Ashby.
The bank said that it and CPC would work together to create a revolving loan fund that is to support The New York Building Retrofit Programme.
The land previously was linked with a July 2003 mortgage of $115,500 held by Baptist Missionary Association of Mississippi Revolving Loan Fund of Laurel, Miss.
In all, 209 applicants were selected to receive 314 assessment, revolving loan fund and cleanup grants:
Dhillon also serves on the City of San Jose's Revolving Loan Fund board, which is a non-profit organization in Silicon Valley that offers financing to new small businesses in San Jose.
To date, the EPA has awarded nationally 883 assessment grants totaling $225.4 million, 202 revolving loan fund grants totaling $186.7 million and 238 cleanup grants totaling $42.7 million.
Instead, the representatives stated, the EPA should enforce current regulations under the Clean Water Act and seek more funding for the Clean Water State Revolving Loan Fund, which provides loans and grants to states to finance wastewater treatment facility construction and upgrades.