RURAL COMMUNITY DEVELOPMENT REVOLVING LOAN PROGRAM




Loan or loan guaranty.
Maximum amount is $560,000.

Provides financial assistance for a specific project that will lead to the creation of new jobs and increase the economic vitality and diversification of Florida's rural counties.

How?

  • Applications must come from a unit of local government in a rural county.
  • The applicant must demonstrate the ability to repay the loans, and/or compensate for the guarantees and reserves.
  • Any public purpose project may be acquired, constructed, or improved with the assistance of the program.
  • Projects must result in the creation or retention of jobs, the maintenance of existing industry or economic activity, or the expansion or diversification of the local economic base.
  • Eligible uses of loan proceeds include: the purchase of equipment; the acquisition, construction, or improvement of buildings; acquisition of land, water/sewer projects.
  • Funds from this program may not be used for staffing or administration.