Local Revolving Loan Funds (RLF) are available to help businesses invest and grow within the region. Administered through the Region XII Council of Governments, these funds are designed to provide flexible financing that supports business expansion, equipment purchases, building improvements, or other qualifying development projects. Loan amounts typically range from $5,000 to $300,000, helping businesses secure the additional capital needed to move a project forward.
Revolving Loan Funds are often used as gap financing, meaning they help bridge the difference between the total project cost and the funding available through traditional lenders. Businesses are expected to first pursue financing through a commercial lender, with the RLF serving as a supplemental source of funding to complete the project. Applicants must contribute at least 10% of the total project cost, demonstrating their financial commitment to the investment. An application fee of 1.5% applies to this loan program. These funds play an important role in supporting local economic development by helping businesses create jobs, expand operations, and strengthen the regional economy.
The Region XII Development Corporation works to support economic growth and business development throughout the region by providing access to financing programs, development resources, and technical assistance. Through partnerships with local communities, lenders, and economic development organizations, the corporation helps businesses secure funding, plan expansions, and pursue projects that strengthen the local economy.
For more detailed information about available programs, eligibility requirements, application materials, and contact information, visit the Region XII Development Corporation website. There you can explore current funding opportunities and learn how their resources can support your business or development project.