Revolving Loan Fund

Dixie Electric Cooperative's Revolving Loan Fund (RLF) is a local pool of capital to promote rural economic development. The fund provides gap financing for start up, expansion and new businesses that attract new jobs or provide needed public health or social services. As borrowers repay their loans, the principal and interest is returned to the RLF to be loaned to other businesses to create additional jobs and stimulate the economy.

Eligible Businesses:

Business Ventures - corporations, partnerships, sole proprietorships and cooperatives.
Public Bodies
Non-Profit Entities
Tribal Authorities

Eligible Projects:

Industrial or Commercial Development
Small Business Expansion
Business Incubators
Community Infrastructure or Facilities*
Medical Facilities*
Training or Educational Facilities*

* Should provide permanent jobs for rural areas Advantages of the Revolving Loan Fund:

Attractive interest rate
Local control of funds
Less red tape and quicker response to funding requests
Leverages funding from local financial institutions
Increases funds available to local businesses

Applying for Revolving Loan Funds:

Contact our office for pre-application materials including: project description, project impact, business feasibility, financial feasibility, identifying management team and preliminary time line, management track record, and source and use of funds.