Revolving Loan Fund

This loan program was created to fill “gap” financing needs to small businesses that fall outside what traditional lending or lenders are able to loan. Working capital, debt refinance and equipment purchases are typical uses of this loan program. Rates and terms are determined on a case by case basis. The program is designed specifically for higher credit risk businesses and start-up businesses.

How an RLF loan may be used:

  • GAP financing needs
  • Working capital, machinery & equipment
  • Can be used for injection on land & building financing

Rates and Terms:

  • Interest rate: prime plus 1.5%
  • Working capital: up to 7 years
  • Equipment: up to 10 years
  • Real property: up to 20 years

Collateral:

  • UCC filings on machinery & equipment
  • A second trust deed on the business real property
  • Personal guarantees of all 20% or more owners