| 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
|