Revolving Loan Fund Program Helps Business Across ECICOG Region

Businesses in Marion and Iowa City have recently utilized Revolving Loan Funds (RLF) administered by ECICOG to expand and enhance their operations. In Marion, Iowa Kids Pediatric Dentistry (pictured) utilized $50,000 from the ECICOG and Marion RLF programs to open a new clinic along 6th Avenue in Marion. In Iowa City, Colonial Bowling Alley secured $260,000 from the ECICOG RLF to expand food and arcade options at their facility, which is currently under construction.

In addition to the ECICOG RLF available across the entire six-county region, ECICOG also administers various RLF's for Cedar Rapids, Marion, Swisher, as well as the MedQuarter and NewBo/Czech Village districts in Cedar Rapids. Businesses that are funded through these programs create jobs and a more diverse and resilient regional economy. All of the loans are administered by ECICOG and each has different requirements and available funds. 

More information on the RLF programs administered by ECICOG can be found at this website. For additional questions, contact Loan Specialist Robyn Jacobson.