Revolving Loan Fund

The RLF can fund up to 45% of a project’s fixed asset costs, with funding of up to $15,000 per job created or retained to a maximum of $500,000. If the RLF has an insufficient balance to fund the project, MCEDC will cooperate with the expanding company to apply to the State of Ohio’s Community Development Block Grant – Economic Development Program for up to $500,000. Interest rates are fixed and can be negotiated; typical rates are in the 2-3% range.