Revolving Loan Fund
The Revolving Loan Fund targets economically and socially disadvantaged low and moderate income, Spanish-speaking Hispanic and Latino persons, women entrepreneurs, and new Americans by providing capacity-building technical assistance, financial education and workshops, and access to lending products that address economic conditions in the target market by filling financing gaps with affordable capital; encourage the flow of new investment capital in underserved areas, and support asset building in low and moderate income communities.
Financial products include direct loans ranging from $2,000 to $50,000 for start-up and microenterprises, and up to $250,000 to support business expansion that creates jobs for low- and moderate-income individuals. Microenterprise loans can be used to pay start-up expenses, obtain licenses, permits, pay for liability insurance and other costs for equipment, inventory and working capital.
Population(s) Served. Ethnic and racial groups Economically disadvantaged people Immigrants and migrants Farmers Self-employed people