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:

    * A.S. "IKE" Kirkikis, Executive Director
    * Greater Egypt Regional Planning and Development Commission
    * 608 East College Street
    * P.O. Box 3160
    * Carbondale, IL 62902
    * Phone: 618-549-3306
    * Fax: 618-549-3309
    * Email: gerpdc@midwest.net

 

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