Business & COVID Recovery Loans

The ECICOG Revolving Loan Fund (RLF) was established to help new and existing businesses within our six county region develop and expand.

Picture
Loan information:
  • Max: $500,000
  • Average loaned: $100,000
  • 10-yr max on real property loans
  • All loans are 5-7 year term, fixed asset
  • Interest rates 0-2% until June 2022
  • 2% loan closing fee
Any new or expanding business in the ECICOG counties can apply:
  • Benton
  • Iowa
  • Johnson
  • Jones
  • Linn
  • Washington
Program Contact
Robyn Jacobson
Contracts Administrator
​robyn.jacobson@ecicog.org
319-289-0069

Visit the RLF website for additional details, applicant resources, and to apply:

Or watch the recorded webinar to the right for a thorough discussion about the program and application process.
​ECICOG is an Equal Opportunity Lender
Limited funding is currently available!
Program provided with funding assistance from the U.S. Department of Commerce and the Economic Development Administration.

How to Apply

Step 1

Step 2

Step 3
Submit an Application
Visit ecicogrlf.com to review provided resources and fill out the online application. If you are unable to fill out the form online, please contact Robyn Jacobson. Your application will be evaluated for completeness and forwarded to our loan review committee. Applications received before the last business day of the month will be considered by the committee at the next month's meeting. At this time, the maximum capacity is four applications to be reviewed each month.
Review
The loan review committee meets on the third Thursday of each month. The committee evaluates the application and makes recommendations to the East Central Iowa Council of Governments Board of Directors.
Approval
The East Central Iowa Council of Governments Board of Directors acts on the Loan Review Committee’s recommendation. Approved applications begin the loan closing process. This includes preparation of the loan closing documents and scheduling of a loan closing date.
700 16th St. NE Suite 301
Cedar Rapids, IA 52402
319-365-9941
Pursuant to Title VI of the Civil Rights Act of 1964, as amended the Civil Rights Restoration Act of 1987 and other nondiscrimination authorities, it is the policy of the East Central Iowa Council of Governments (ECICOG) that discrimination based on race, color, national origin, sex, age, disability or income status shall not occur in connection with any of its programs or activities. For more information on Title VI, or to file a complaint please see the Title VI section here.