May Program Spotlight: R.L.F

This month’s program spotlight is on the Revolving Loan Fund program, provided through the City of Galesburg’s Economic Development Department.

R.L.F. is a low-interest loan program that is available for commercial, industrial, and multi-family projects that retain or create jobs within the City and are intended to be used for:

a) gap financing,
b) location incentive, and
c) obtain a reasonable return on investment.

R.L.F. is limited to lesser of 50% of total project cost, $15,000 per job, or $750,000.

For the full guidelines and application, click here.

Please direct any questions to Ryan Lilly at the Entrepreneurship Center of West Central Illinois. 309-371-0473 or ryan.lilly@ebinetwork.org

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