Alliance Revolving Loan Fund

Provide gap financing at low interest for projects located in Crawford County

Private for-profit businesses located in Crawford County

• business acquisitions, construction, enlargement, repair, modernization or development cost
• purchase and development of land, easements, rights-of-way, building, facilities, leases or materials, relocation costs
• purchasing of equipment, leasehold improvements, machinery or supplies
• start-up operating costs and working capital

• Up to $25,000 or 90% of the project cost, whichever is less
• no borrower can receive funding more than two times from the Alliance Revolving Loan Fund

• business must be or intend to be located in Crawford County
• loans will not be made for any activities that will cause unemployment in that business

• fixed at 80% of prime with a letter of rejection from a commercial lending institution; otherwise, interest will be fixed at current prime rate as of date of loan approval
• will not exceed 10 year term for land and building projects
• will not exceed 5 year term for machinery and equipment projects
• will not exceed 3 year term for working capital projects
• repayment terms may not exceed the repayment term of the private lender

• $100 non-refundable application fee
• $150 closing fee

Dependant upon the project

Please contact Larry Morgan for full details and assistance.