The City of Moline Revolving Loan Fund (RLF) Program is an opportunity for an entrepreneur/business person to obtain supplemental financing for a project.
The overall intent of the RLF is to encourage the expansion and development of viable business/industrial activity in the City of Moline. The RLF will be targeted to those businesses and industries that cannot obtain economically feasible financing because of conventional interest rates and lending/exposure limits applied by local lending institutions. The RLF program is intended to provide the funds that make the project viable by filling the financing gap created by these conditions. Other financial commitments must be in place at the time of application. No loan shall be made from the program where there is reasonable doubt as to the ability of the borrower to repay the loan.