Revolving-Loan Fund

(redirected from Revolving Loan Funds)

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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Also provides access to revolving loan funds, business assistance, business planning resources, a conference room, computer, copier and fax machine and more.
Minkarah also said the revolving loan funds will have a "maximum impact" if the funds are used in programs that create and/or retain jobs as well as create a sustainable dean energy economy.
The EPA offers three categories of brownfield grants: assessment, cleanup, and revolving loan funds. This year, Worcester received a grant from each category, bringing its 2007 EPA grants to $500,000.
The most controversial is a proposal to help pay for an increase to the need-based Federal Pelt Grant program by recalling the revolving loan funds used to finance the Federal Perkins loan program, essentially terminating the program.
Many public works officials and NLC member cities claim that though the interest rates are usually slightly better for a loan obtained through the State Revolving Loan Funds, the cost of compiling the paperwork required for one often negates the savings.
GAO found that thirty-one out of 50 states surveyed established revolving loan funds programs to assist disadvantaged communities.
PMI will establish revolving loan funds for rehabilitation of homes or purchase participation interests in home loans made to Native American and immigrant borrowers in alliance with lenders and community groups in various locations across the country.
In overall funding for the water infrastructure revolving loan programs, conferees agreed to fund both the wastewater and the drinking water state revolving loan funds at the current level of $2.1 25 billion: $1.350 for wastewater and $775 million for drinking water infrastructure needs.