Lending Guidelines
* Maximum loan size is $100,000 per business, unless the company is a manufacturing firm (SIC 2000-3999) with at least a three year operating history.
* Job/Cost Ratio - must create at least one job per $20,000 of RLF financing.
* DCRLF funds must be necessary to the completion of the project. Each applicant shall obtain a letter from the participating financial institution specifying why DCRLF participation is needed. Appropriate needs statements include the existence of a financial "gap" between the feasible project site and available financing, of a situation where additional jobs can be created with added financing, of the need for an inducement for a company to locate or expand in Douglas County, etc.
* The RLF Board will not consider jobs created prior to their final approval for job creation; investment prior to their approval as equity contribution; or financing disbursed prior to their approval as participating financing.
* SHOULD THE BUSINESS RELOCATE OUTSIDE DOUGLAS COUNTY, THE LOAN WILL BECOME IMMEDIATELY DUE AND PAYABLE.