North Central Regional Planning Commission Revolving Loan Fund

Loan amount available: $50,000 per job being created/retained -OR- one-third (1/3) of project cost, whichever is less; $20,000 minimum/$100,000 maximum loan amount (subject to availability of funds).

Interest rate: 5% fixed adjusting every 5 years to Prime (floor of 5%/cap 10%)

Term: Based on project need.

Primary eligibility requirements:

  • Bank request for assistance
  • Creation or retention of jobs

Special requirements: Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.

See Business Finance Program for assistance.