standard-title Revolving Loan Fund

Revolving Loan Fund

The Revolving Loan Fund (RLF) uses community development block grant fund program income to serve as gap financing for employers creating jobs for low-to-moderate income workers. 

It is the goal of Richland County in establishing a revolving loan fund that it will be able to provide financial assistance to small business and industry within its jurisdiction in projects that will increase the economic base of the area and to provide new job opportunities to persons primarily of low and moderate income.

The Richland County Revolving Loan Fund will be administered by the Richland County Regional Planning Commission, with assistance obtained from other sources in the community.