Gap financing to help your business move forward.
Let’s talk about whether Revolving Loan Fund financing is right for your project.
A Revolving Loan Fund (RLF) which provides loans designed as gap financing to meet the capital needs of eligible California businesses.
The intent of our RLF program is to provide assistance to businesses that create full-time jobs and thereby enhance the area’s overall economic base. As borrowers make payments on RLF loans, the funds are returned to the loan pool so they can help finance other projects.
Capital designed to move businesses forward
From working capital to building expansion, the Revolving Loan Fund is designed to support eligible California businesses with project-based financing that can strengthen operations, create full-time jobs, and return funds to the loan pool for future business growth.
California eligible businesses include:
- Manufacturing
- Service
- Retail
- Agribusiness
- Professionals
Minimum requirements:
- Job creation
- Credit-worthiness of the applicant
- Adequate collateral
- Business debt ratio minimum 4 to 1
- Debt Service Coverage of 1.20x or more
Loan uses include:
- Operating Capital
- Machinery and equipment purchase
- Acquisition of land and buildings
- Building Expansion
Loan details:
- Up to $175,000
- Terms up to 25 years depending on collateral and purpose