REVOLVING LOAN FUNDS​
The purpose of the REVIVE! and ARPC RLF Programs is to assist small businesses in the retention, expansion, and creation of jobs in the Apalachee Region. These loans are intended for small businesses that do not qualify for traditional lending programs. Loan terms are based upon the borrower’s needs, repayment ability, and the amount financed. Collateral is required and is dependent upon the RLF loan amount and the overall credit risk.
Funded by the U.S. Department of Commerce’s Economic Development Administration (EDA), the programs provide a source of capital for businesses in the Apalachee Region and have been designed to fill capital gaps and promote job creation. With competitive interest rates and relatively more convenient terms than conventional lenders, the RLFs serve the local economic community by enhancing financing opportunities for businesses interested in starting or expanding in the Region.
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Please contact Matthew Vossler at MVossler@arpc.org for more information.