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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.

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

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 $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

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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.

 

Cedar Rapids developed the MICRO loan program, administered by ECICOG, to assist businesses in the Cedar Rapids city limits.​

You can support MICRO by making a contribution to the MICRO Fund at the Greater Cedar Rapids Community Foundation. The Community Foundation is a public charity that allows donors to qualify for tax advantages under federal and state law. 

START AN

APPLICATION

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