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LOANS TO FIT EVERY NEED

ECICOG is an Equal Opportunity Lender

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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. 

Program Contact

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FEATURED RLF LOAN

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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.

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The ECICOG Revolving Loan Fund is available in  Benton, Iowa, Johnson, Jones, Linn and Washington county

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 $25,000 - $500,000

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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

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Based on prime interest rate

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ADDITIONAL RLF LOANS

Find the loan that fits your needs

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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

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Modern Office

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.​

START AN

APPLICATION

If you've completed the pre-application requirements, you're ready to apply. 

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QUESTIONS?

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www.ecicog.org  |  Email Us: robyn.jacobson@ecicog.org   |   Tel: (319) 289-0069   |   700 16th St. NE Suite 301 Cedar Rapids, IA 52402

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EAST CENTRAL IOWA COUNCIL OF GOVERNMENTS | REVOLVING LOAN FUND © 2022 by MONKEYTHIS

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Pursuant to Title VI of the Civil Rights Act of 1964, as amended the Civil Rights Restoration Act of 1987 and other nondiscrimination authorities, it is the policy of the East Central Iowa Council of Governments (ECICOG) that discrimination based on race, color, national origin, sex, age, disability or income status shall not occur in connection with any of its programs or activities. For more information on Title VI, or to file a complaint please see the Title VI section here

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