WORKING WITH US
BUSINESS REVOLVING LOAN FUNDS
WHAT WE DO
SEIRPC assists economic development and business groups, cities, counties and local bankers throughout the region with business revolving loan funds as gap financing. SEIRPC staff are ready and available to make personal visits to meet with businesses and lenders. The RLF complements primary lenders and businesses to retain and create jobs.
HOW WE DO IT
SEIRPC manages nearly $4.0 million in loan capital to serve southeast Iowa. Loan capital is sourced mostly from federal funds. SEIRPC RLF operations are funded through interest payments and loan fees. Staff are available now to discuss your project, idea or dream to create and retain jobs here in southeast Iowa.
DID YOU KNOW?
RLF can be used for working capital, equipment, and remodeling/building.
Applications, Committees, and Past Projects
REVOLVING LOAN FUND (RLF) APPLICATIONS
REVOLVING LOAN FUND (RLF) COMMITTEES
REVOLVING LOAN FUND (RLF) PAST PROJECTS
SEIRPC staff was busy this year with the requests and project funding with the Revolving Loan Funds along with all the required reports and onsite visits to existing loan recipients. The following loans were made to the following businesses over the past year:
- Flint Cliffs Manufacturing -$175,000 in EDA funds to expand production capacity to manufacture orders for a government contract acquired this year.
- Joy Stix Rock-Ade and Puck-E-She-Tuck Emporium -City of Keokuk RLF $35,000 for working capital and interior upgrades to this retail business located at 714 Main St., Keokuk.
- The staff continued reaching out to economic development and business groups, cities, counties, and local bankers throughout the region to keep aware of the availability and utility of revolving loan funds. Personal visits to loan recipients were made regularly to offer assistance as well as build long lasting relationships with them.