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Economic Development Revolving Loan Fund (RLF) Program is a grant from the Jefferson County Economic Development Administration that funds business development and job creation in Jefferson County, Alabama. The program provides loans of $35,000 to $350,000 to support small business expansion, commercial real estate improvements, and economic development projects that create or retain jobs in the county.
Eligible applicants are businesses and developers operating within Jefferson County. Applications are accepted on a rolling basis.
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Jefferson County – EDA/CDBG Revolving Loan Fund (RLF) Program EDA/CDBG Revolving Loan Fund (RLF) Program Community Development (Plans and Policies) CDBG Projects (Neighborhood Improvements and Infrastructure) Requests for Proposals/Qualifications EDA/CDBG Revolving Loan Fund (RLF) Program Senior Pageant 2026 Application EDA/CDBG Revolving Loan Fund (RLF) Program Jefferson County is committed to providing businesses with the capital they need to grow and expand.
To learn more about the Jefferson County Revolving Loan Fund, contact Joseph Dees at 205-325-5782. Generally, any for-profit corporation, non-profit, partnership or sole proprietorship is eligible.
Complete an application and provide all supporting documents Loan must be fully secured Must create or retain jobs to benefit low to moderate income persons (required in the case of RLF; desirable in all others) Ten percent (10%) owner�s equity Revolving loan funds cannot be used for bankruptcy or refinancing $250 Non Refundable Application fee There is a closing fee of 2% to be paid to the Jefferson County EDA RLF To financially assist entrepreneurs to obtain financing of various operational necessities.
Funds may be used for, but not limited to, the following: Purchase machinery and equipment Purchase furniture and fixtures Land and building acquisition The Community Development Block Grant Revolving Loan Fund (CDBG/RLF) can provide the borrower up to 50% of the total amount of the project cost.
One new job must be created or retained Maximum loan amount is $350,000 RLF funding requires $2 in private financing for every $1 in RLF financing and cost a maximum of $350,000 Minimum interest rate of 4% Loans are to be secured by lien positions on collateral Proof that other financing has been secured Loan may be fixed, variable or adjustable All loans will be determined by credit worthiness, collateral coverage, and term of loan The CDBG loan program requires that 51% of the jobs created or retained be created for low-to moderate income persons The Economic Development administration Revolving Loan Fund (EDA/RLF) can provide the borrower with up to 33% of the total amount of the project cost.
General Guidelines: One new job must be created or retained per $35,000 loaned Maximum loan amount is $350,000 RLF funding is not to exceed 33% of the total loan and cost of a maximum of $350,000 Minimum interest rate of 4% Loans are to be secured by lien positions on collateral Proof that other financing has been secured Loan may be fixed, variable or adjustable All loans will be determined by credit worthiness, collateral coverage, and term of loan Prospective borrowers will need to provide financial statements for the last 3 years of operation.
According to the current listing, eligibility includes: Generally, any for-profit corporation, non-profit, partnership, or sole proprietorship. Must create or retain jobs to benefit low to moderate-income persons. Requires 10% owner's equity. Confirm the full requirements in the official notice before applying.
The current listing shows $35,000 - $350,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Economic Development Revolving Loan Fund (RLF) Program is funded by Jefferson County Economic Development Administration (EDA). 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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