Greater Egypt Revolving Loan Fund

Enterprise Zone Incentives | West Frankfort Revolving Loan Fund | Local Commercial Lenders | Greater Egypt Revolving Loan Fund | USDA Rural Development | State Finance

The Greater Egypt Regional Planning and Development Commission offers a revolving loan fund that bridges the financing gap between bank financing and the owner’s equity. Basic RLF are:

* Not all financing to a borrower must be available from a bank; however, a bank must be a participant in the loan.
* The borrower must provide a minimum of 10% cash equity injection.
* The RLF cannot provide more than half of the financing of the loan.
* The RLF may loan up to $150,000, but is limited to $15,000 per permanent full time job created by the project.
* All legal fees related to the proposed loan incurred by the RLF will be paid by the loan applicant.

For more information regarding this program please contact:

Greater Egypt Regional Planning & Development Commission

3000 West De Young Street
Suite 800B-3
Marion, Illinois 62959

Office Hours: 8:00 AM (CST) – 4:30 PM (CST)

Phone: 618.997.9351
Fax: 618.997.9354