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The purpose of the Douglas County Revolving Loan Fund is to promote economic growth in Douglas County through recruitment, expansion and retention of business and industry by providing the necessary financing to fill gaps in local markets and thereby stimulate private sector capital formation and to serve as a 'pump primer' rather than a replacement for private commercial lending.

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.

Douglas County Revolving Loan Fund (DCRLF) 2013 - All Rights Reserved