LOANS TO FIT EVERY NEED
ECICOG is an Equal Opportunity Lender
RLF Business Loans
Our RLF loans reach six counties and cater to a range of financial needs. Explore your options and reach out with any questions.
Revolving Loan Funds (RLFs) are business loans administered by ECICOG to assist new or existing businesses with gap funding to develop and expand.
Businesses that are funded through these programs create jobs and a more diverse and resilient regional economy. All of the loans are administered by ECICOG and each has different requirements and available funds.
FEATURED RLF LOAN
The ECICOG Revolving Loan Fund
The ECICOG Revolving Loan Fund (RLF) was established to help new and existing businesses within our six county region develop and expand.
The ECICOG Revolving Loan Fund is available in Benton, Iowa, Johnson, Jones, Linn and Washington county
$25,000 - $500,000
Average loaned: $100,000
All loans are
5-7 YEAR TERM, FIXED ASSET
10-yr max on real property loans
3-yr term for working capital
LOW INTEREST RATE
Based on prime interest rate
ADDITIONAL RLF LOANS
Find the loan that fits your needs
MAX AMOUNT $50,000
PURPOSE assists businesses in the corporate limits of Cedar Rapids.
The Cedar Rapids Revolving Loan Fund is a program administered by ECICOG which assists businesses in the corporate limits of Cedar Rapids. The maximum load award is $50,000 at an interest rate based on the prime rate. Funds may be used for working capital, purchase of machinery and equipment, and/or purchase of real property. This funding is intended to be gap financing and not intended for financing an entire project.
CEDAR RAPIDS MICRO LOAN
A micro loan is a small, short-term loan for businesses. Micro loans were developed to help small businesses grow, but they can alsohelp businesses looking to make minor changes to further their business goals. Loans from $500 to $10,000 dollars are available.
Cedar Rapids developed the MICRO loan program, administered by ECICOG, to assist businesses in the Cedar Rapids city limits.