Hometown Business Preservation Initiative - II:  Sustaining a Community Revolving Loan Fund Program
Small businesses provide key products and services to local residents, households and organizations. The existence of a revolving loan fund demonstrates community support for these businesses and provides access to vital capital resources for ongoing needs. Communities with agile and effective revolving loan funds are poised to be more resilient and can better address changes in the economic environment.

The “Sustaining a Revolving Loan Program” will support the viability of community RLFs in three critical areas - fostering agility through economic changes, grant writing, and sustainability. It includes a 1 ½ hour interactive webinar for each area, during which, you will receive technical assistance, training, templates and resources.

Introductory Webinars will be held on:
January 26, 2:00pm - 3:00 p.m. ET
January 27, 10:00am - 11:00 a.m. ET

Technical assistance and training will be provided to participants on the following topics:
Fostering Agility on March 9, 10:00am – 11:30am or March 10, 2:00pm – 3:30pm  
Grant Writing on March 23, 10:00am – 11:30am or March 24, 2:00pm – 3:30pm
Sustainability on April 6, 10:00am – 11:30am or April 7, 2:00pm – 3:30pm

It is imperative that a RLF program adapt to economic changes and to the evolving needs of businesses. As part of this program, we’ll explain how to be actively involved with these businesses for real-time advice and support, share best practices and tips, discuss business surveys and how to review the data to identify opportunities.

To complete your application, please complete the following questions:
Email *
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SharonK. Wilson, AICP *
Title *
Organization *
Phone *
Do you have an active/operating revolving loan fund? *
What entity manages the RLF or serves as the Primary Administrator? *
How long has the RLF been operating? *
What are your funding sources? *
Do you expect management/administration changes in the next 6 - 12 months? *
Please provide a brief description of the community that is or that will be served by the RLF? *
What is the purpose of the community's current RLF? Why was it created? *
Who are the targeted recipients? *
Discuss/Describe the community's past efforts administering a revolving loan fund. *
What are the RLF's short-term goals and anticipated impacts? *
What are the long-terms goal(s) for your revolving loan fund. *
How do you measure the effectiveness of the RLF? *
What is the current effectiveness of the RLF in relation to the goals outlined? *
Which of the areas below are potential focus areas where investment is needed? *
Required
Provide a list of the five to seven individuals who currently serve/who will serve as members of the loan review committee, their titles, and the community organizations that they represent. Your committee should be made of a diverse group of key organizations involved with the planning and decision-making efforts aimed at improving the community including: the program administrator, local unit of government, bank, accountant, attorney, chamber of commerce, main street organization, economic development organization, community foundation, university or SBDC. *
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