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REVIVE! Revolving Loan Fund

Posted by Apalachee Regional Planning Council ; Posted on 
REVIVE! Revolving Loan Fund
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Seeking funding for your growing business?

Apply for the REVIVE! Revolving Loan Fund presented by the Apalachee Regional Planning Council and the Leon County Office of Economic Vitality. The Regional Economy Vested in Vital Enterprises (REVIVE!) Revolving Loan Fund (RLF), financed by the U.S. Department of Commerce’s Economic Development Administration (EDA), provides a source of capital for local small businesses and non-profit organizations, and is designed to fill capital gaps and promote job creation.

The purpose of the REVIVE! Program is to assist women- and minority-owned small businesses and non-profits in the retention, expansion, and creation of jobs in Leon County. These loans are intended for small businesses and non-profit organizations that do not qualify for traditional lending programs. Ranging from $5,000 to $100,000, with lower interest rates (5% – 6%) and more flexible terms than conventional lenders, these loans serve the local economic community by enhancing financing opportunities for businesses interested in starting or expanding in the Leon County. Uses of REVIVE! loans may include, but are not limited to machinery and equipment purchases, inventory purchases, working capital needs, land and building purchases/renovations, leasehold improvements, and professional contract services shown to advance business plan objectives. For more information about the REVIVE! RLF Program, please contact Jana Williams, RLF Manager, at (850) 339-4564 or JWilliams@arpc.org.

 

 

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