Community Development Loan Fund

The purpose of the Community Development Loan Fund (CDLF) program is to provide gap financing and equity investments that will create or save jobs for low- and moderate-income (LMI) persons. Applicants must submit a pre-application. Project eligibility will be reviewed by TCRDC staff. Upon recommendation of funding, applicants will be required to submit a full application. Funds are federal in nature and projects are required to follow all federal and state program requirements. TCRDC will serve as the project administrator to ensure all rules and regulations are met.

United Pulse is a processing facility funded though the CDLF Program.

Eligible Activities

Acquisition of real property
Acquisition, construction, rehabilitation, or installation of public facilities, site improvements and utilities
Real property improvements
Planning

Funding Criteria

Eligible Activities

Retail/Tourism
Minimum funding: $10,000
Maximum funding: $300,000
Primary Sector
Minimum funding: $50,000
Maximum funding: $500,000
Main Street
Minimum funding: $20,000
Maximum funding: $100,000
Funding terms:
Working Capital: 5 year maximum
Inventory: 5 year maximum
Equipment: 10 years maximum
Fixed Assets: 25 year maximum
Infrastructure: 15 year maximum
Funding terms, interest rates and project benchmarks are determined on a case-by-case basis.