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Economic & Tourism Development

Revolving Loan Programs

  Economic & Tourism Development

Revolving Loans are special loans that consist of a dedicated capital fund that is lent to finance successive projects over an extended period of time. Such finding can be used, depending on the design of the program, for loan guarantees, fixed asset loans, working capital loans, housing loans, or loans to cover short-term start-up costs.

Federal agencies such as the Economic Development Administration, the Application Regional Commission, the Small Business Administration and others fund over 600 revolving loan programs with about $1.1 billion in capital. State activity multiplies the federal numbers.

Selected NCSL Article

• Revolving Loan Funds for Small Business Development, NCSL, LegisBrief, January 2006

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