Business Revolving Loan Fund

REVOLVING LOAN FUND

WE ARE CURRENTLY IN A RECAPITALIZATION PHASE AND TEMPORARILY NOT MAKING LOANS .

The North Iowa Area Council of Governments (NIACOG) Revolving Loan Fund (RLF) was established to provide a public financing tool to enhance business assistance programs and services to businesses and communities in the NIACOG region. The goal of the RLF is to provide job creation and retention.

To accomplish this goal, the RLF provides direct low-interest loans to eligible businesses located in the NIACOG region.

RLF participation is intended to fill capital financing gaps and is to be only part of the overall business strategy for financing.

The NIACOG RLF was established by grants from the U.S. Department of Commerce Economic Development  Administration to create a regional RLF. An additional $60,000 was leveraged from the Iowa Economic Development Authority (IEDA) as a match to the EDA award. Additional federal funds were added as a result of the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act. 

For inquiries into RLF loans, contact:
Myrtle Nelson
641-423-0491 ext. 211

NIACOG Revolving Loan Fund Brochure
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