Revolving Loan Funds
Cedar County has many revolving loan funds available for small business and startups and loans to existing business. Below is information on the RFLs and links to detailed information.
ECIA Business Growth, Inc.:
ECIA’s revolving loan funds are targeted primarily to manufacturers for the purchase of equipment. The objective of the RLFs is to provide private sector job creation and capital formation for expansion or start-up projects. Features include below market interest rates, filling financial gaps, and leveraging private sector funds.
Limestone Bluffs Resource Conservation and Development:
The Limestone Bluffs Resource Conservation and Development (RC&D) Area, Inc. are administering a Rural Business Enterprise Revolving Loan (RBERL) program targeted towards new or expanding small businesses. The loan program is designed to assist the six eastern Iowa counties included in the Limestone Bluffs area overcome gaps in local capital markets that inhibit emerging small businesses from obtaining suitable credit and impede economic growth and stability.
Central Iowa Power Cooperative:
Individual cooperative revolving loan funds available across Iowa that has provided millions of dollars in alternative financing with flexible financing expansions of existing businesses. CIPCO’s revolving loan fund was created to improve the quality of life in rural areas by contributing to long-term improvement in local economies.
Alliant Energy Economic and Community Development:
For Alliant business customers in Cedar County, low-interest financing from Alliant Energy and their selected financial institution will provide qualifying companies with loans for energy-efficient equipment.