BOWLING GREEN COMMUNITY DEVELOPMENT FOUNDATION logo

Business Revolving Loan Fund (Economic Development Loans)

BOWLING GREEN COMMUNITY DEVELOPMENT FOUNDATION

Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Business Revolving Loan Fund

Overview: The City's Revolving Loan Fund (RLF) provides loans to businesses for start-ups and expansions which result in more jobs for low- and moderate-income persons. The RLF supplements private funding for businesses.

Geographic Scope: City of Bowling Green, OH; special qualifications available for Downtown Special Improvement District

Focus Areas: Business start-ups and expansions resulting in job creation

Eligibility Requirements:

  • Recipients must generate 1 FTE (Full-Time Equivalent) job for a low- or moderate-income person for each $35,000 loaned

  • Businesses in Downtown Special Improvement District have special qualifications
  • Funding Source: City of Bowling Green's CDBG entitlement grant funds

    Loan Terms:

  • Interest Rate: 0%

  • Loan Period: 3-5 years
  • Purpose: Helps reduce poverty in the City by supporting job growth

    Contact Information:

  • Phone: 419-354-6203

  • Email: cd@bgohio.org

  • Address: Community Development, 305 N Main Street, Bowling Green, OH 43402
  • Focus Areas & Funding Uses

    Fields of Work

    small-businessescommunity-developmentworkforce-development

    Categories

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