DARC offers a Revolving Loan Fund (“RLF”) to provide “gap financing” to qualified County businesses to assist with their establishment, growth and/or expansion. The RLF is designed to supplement lending provided by commercial lenders.
Economic development activities funded through the RLF program are intended to meet the following objectives:
- To encourage the creation and retention of permanent jobs which provide a wage appropriate to the skills and experience of the local workforce.
- To encourage the leveraging of new private investment in the County in the form of fixed asset and working capital investments.
- To perpetuate a positive and proactive business climate that encourages the retention and expansion of existing businesses and helps to attract desirable new businesses.
- To lend monies at interest rates and loan maturities that encourage business development and facilitate reinvestment in the County.
For further information: DARC Revolving Loan Fund Overview (PDF)