Economic Development Loans (Revolving Loan Fund)
The City’s Revolving Loan Fund provides loans to businesses for start-ups and expansions, resulting in more jobs for low- and moderate-income persons.
The Revolving Loan Fund is used as a supplement to private funding for businesses conducting start-ups and expansions. These low-interest loans generate a job for each $35,000 loaned. This program reduces the incidence of poverty in the City by developing jobs that must be filled by low- to moderate-income persons (using Wood County Median Income Eligibility Guidelines). The loans are issued at two-thirds of the prime-lending rate on the day of closing. Security is required. It is anticipated that the program will generate new jobs annually for persons at low- to moderate-income levels.
Click Here to view the Revolving Loan Fund Policy and Procedures Manual
For more information about small business loans through the RLF, please contact the Bowling Green Economic Development office at (419) 353-3591.
The United States Department of Housing and Urban Development prohibits unlawful discrimination in federally assisted programs based on your race, color, national origin, religion, sex, family status, or disability.