| |
|
|
Alameda County Revolving Loan Fund (ACRLF)
Description
The Revolving Loan Fund assists eligible candidates to start up or expand businesses that reduce or divert materials that would normally be sent to the Alameda County landfill. Borrowers receive support in the areas of business plan assistance, accounting, marketing, advertising, and referrals to other service providers and finance options.
You may not realize that your business could qualify for an RLF loan. Please give us a call to determine your eligibility.
Loan Amount
Up to $250,000
Loan Term
Up to 5 years
Interest Rate
5% fixed
Application Cost
$250
Loan Closing Cost
2% of total loan amount
Use Of Funds
Working capital
Furniture and fixtures
Machinery and equipment
Inventory
Leasehold improvements
Debt refinancing
Commercial real estate
Eligibility
Eligibility
Non-profit or for-profit business
Located in or around Alameda County
Diverting waste from Alameda County landfills
Unable to obtain financing from traditional sources
Management and/or industry experience
U.S. citizen or legal alien
Demonstrated ability to repay loan
Collateral
Business assets
Personal guarantees
Real estate or comparable security
Profitability
Profitable business or ability to show a profit in a new business
Capital
Owner must make a cash investment in the business
Credit
Reasonable credit history and payment record
For more information, contact
Roberto Costa
, 510-763-4297 ext 103
|
