The Revolving Loan Fund (RLF) is a loan pool established by the Czech Village/New Bohemia (CVNB) Main Street District and administered by the East Central Iowa Council of Governments to assist new and existing businesses within the Main Street District in development and expansion efforts. Funds may be used in conjunction with local lenders to serve as gap financing.
► Loan Range: $5,000 maximum
► Expectation of 1:1 Private Investment Match
► Maximum Loan Term: 5 years
► Competitive Interest Rates
► 2% Administrative Fee
► RLF Funds May Be Used For: working capital, purchase of machinery & equipment, purchase of real property, and/or tenant improvements
ECICOG is an Equal Opportunity Lender