This City of Calhoun ordinance outlines the structure and requirements of its Revolving Loan Program, which provides gap financing to support local businesses, encourage downtown investment, and create or retain jobs for low- and moderate-income residents. It covers applicant eligibility, required documentation, loan terms, interest-rate approval, private financing and equity requirements, program compliance, and the responsibilities of the Revolving Loan Advisory Commission.

This policy and procedure guide from the Georgia Department of Community Affairs outlines how local governments should establish, manage, and monitor Community Development Block Grant-funded Revolving Loan Funds. It covers eligible activities, financial management, application review and underwriting, loan documentation and servicing, job-creation requirements, reporting, compliance, and sample forms and policies.

This sample Revolving Loan Fund application from the City of Calhoun provides a helpful template for communities developing local business financing programs. It includes sections for business and financial information, market analysis, loan purpose, collateral, job creation and retention, private investment, credit references, and required applicant assurances.

Learn how the Downtown Development Revolving Loan Fund (DDRLF) can help support revitalization efforts in your community. In this webinar, we take a closer look at this valuable financing program and how it can be used by local governments and downtown development authorities to encourage investment and bring new life to downtown districts.

Topics covered in this session include an overview of the DDRLF program, examples of projects that have received funding, eligibility and application requirements, and helpful tips for putting together a strong application.