What Is The Revolving Loan Fund (RLF)?

The Revolving Loan Fund Program is a lending program for the expansion, retention or start-up of businesses that are unable to receive financing from traditional lending sources.

FAQs

- Startups
- Established Businesses
- Expanding Businesses
- Businesses that have been turned down by traditional lenders
- Businesses that cannot obtain enough funding from a traditional lender
- Businesses located in Carbon, Emery, Grand, and San Juan Counties
- Loans range from $10,000 - $150,000
- Repayment periods from 3 - 10 years
- No penalties for early payoff
- Interest rate is dependent on the applicant and the Current Prime Interest Rate
- Applications due at the beginning of the month to be reviewed in a timely manner
- All applications are reviewed by the RLF Committee and RLF Board
- Only completed application packets (including $250 application fee payment) can be submitted for review.
- If approved, all closing costs are due by the borrower at the time of signing