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Commercial Revolving Loan Fund is sponsored by City of Columbia's Office of Business Opportunities. This loan fund is available to local businesses committed to expanding and creating new jobs. The program has a special focus on minority-owned and women-owned businesses, as well as operations located in priority development areas of the city.
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Commercial Revolving Loan Fund - City of Columbia OBO Hit enter to search or ESC to close Commercial Revolving Loan Fund (CRLF) The Office of Business Opportunities (OBO), through the Commercial Revolving Loan Fund (CRLF) , has funds available to lend to qualifying small businesses located in the City of Columbia.
The goal of the commercial revolving loan program is to foster economic development and improve the number and caliber of job opportunities in the City of Columbia. OBO offers assistance to start-up and existing businesses for expansion, creation, or retention of jobs and assistance in the redevelopment of commercial corridors and the elimination of blight.
The City of Columbia’s commercial loan program supports Small and Minority/Women-Owned Businesses and businesses located in priority development areas of the City. The funds may be used in cooperation with private lenders in making loans that banks might not ordinarily fund on their own, or to provide gap financing beyond what is offered by a bank for a project.
Small businesses unable to receive financing from other lenders at reasonable rates and terms may also be eligible. Funds may be used for the following: Building construction or rehabilitation Business conversion or expansion Purchase of real estate, machinery, equipment, supplies, or materials To find out if your business is located within the corporate city limits, go to the City of Columbia’s GIS webpage!
To be eligible for funding through the Commercial Revolving Loan Fund (CRLF): Businesses must be located within the corporate city limit of the City of Columbia. Project must retain or create a certain number of jobs per amount funded. Certain funds require participation of private lenders and can only be used to fund part of an entire project.
An equity investment on the part of the applicant may be required. Contact the City of Columbia’s Office of Business Opportunities for more information and to get a loan application.
Applicants must submit the following: Completed loan application Three (3) years of taxes and financial statements (business and personal) Three (3) years of financial projections for the business Business plan (start-ups) or plan for expansion/rehabilitation, etc. Completed applications are reviewed by OBO staff and if they meet requirements, forwarded to the Commercial Revolving Loan Fund committee for review and approval/disapproval.
Commercial Loan Application and Checklist Commercial Revolving Loan Fund Committee The Commercial Revolving Loan Fund Committee consists of seven (7) members who assume responsibility for final approval of loan applications. The CRLF committee will be compromised of local small business owners and City of Columbia staff that are appointed by the Columbia City Council to serve for a minimum of two (2) year terms.
Ordinance 2018-061 Commercial Revolving Loan Fund Commercial Revolving Loan Fund Committee Members Andrew Rabuck, Woodforest Bank Ryan Coleman, City of Columbia Economic Development Jennifer Bishop (Chairperson), Greater Columbia CDC Dianne A. Rushing, AOS Specialty Contractors, Inc. Felicia Kilgore, City of Columbia Community Development Mary Sparrow, Home Advantage Reality Jane H.
Downey, Baker, Donelson, Bearman, Caldwell, & Berkowitz, PC Commercial Revolving Loan Fund Meeting Agendas and Meeting Minutes CRLF Meeting Minutes 3-2-2022 CRLF Meeting Minutes 4-27-2022 CRLF Meeting Minutes 8-31-2022 CRLF Meeting Minutes 9-28-2022 CRLF Meeting Minutes 11-30-2022 CRLF Meeting Minutes 3-1-2023 CRLF Meeting Minutes 4-28-2023 CRLF Meeting Minutes 6-28-2023 CRLF Meeting Minutes 7-27-2023 CRLF Meeting Minutes 8-4-2023 CRLF Meeting Minutes 9-15-2023 CRLF Meeting Minutes 10-12-2023 CRLF Meeting Minutes 11-30-2023 CRLF Meeting Minutes 1-24-2024 CRLF Meeting Minutes 6-20-2024 CRLF Meeting Minutes 7-1-2024 CRLF Meeting Minutes 2-5-2025 CRLF Meeting Minutes 3-26-2025 CRLF Meeting Minutes 5-28-2025 CRLF Meeting Minutes 7-30-2025 CRLF Meeting Minutes 12-4-2025 CRLF Meeting Minutes 1-28-2026 CRLF Meeting Minutes 4-1-2026 If you have any questions on the Commercial Revolving Loan Fund, contact the Office of Business Opportunities at 803.
545. 3950 or obo@columbiasc.
gov. COMMERCIAL & FORGIVABLE LOANS Commercial Revolving Loan Fund (CRLF) Commercial Retention & Redevelopment Program (CRR) TECHNICAL ASSISTANCE, EDUCATION & ADVOCACY NxLevel For Micro Entrepreneurs CONTRACTOR & SUPPLIER DIVERSITY City of Columbia Programs Columbia Disadvantaged Business Enterprise Program (CDBE) Local Business Enterprise (LBE) Mentor Protege Program (MPP) Mayor’s Small Business Advisory Council Minority Contracting Associations Doing Business with the City
According to the current listing, eligibility includes: Local businesses in the City of Columbia, with a special focus on minority-owned and women-owned businesses, and those in priority development areas of the city. Confirm the full requirements in the official notice before applying.
Commercial Revolving Loan Fund is funded by City of Columbia's Office of Business Opportunities. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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