NCRPC Revolving Loan Fund

Loan amount available:

$50,000 per job created/retained - OR - one-third of project cost, whichever is less; $20,000 minimum/$150,000 maximum loan amount (subject to availability of funds)

Interest rate:

4% fixed

Term:

Based on project needs, up to 20 years

Primary eligibility requirements:

Bank request for assistance
Creation or retention of jobs

Special requirements:

Construction projects require adherence to Davis-Bacon Wage Rate and ADA handicapped accessibility