Revolving Loan Fund
The Revolving Loan Fund is a gap financing program to supplement small businesses administration loans and private financing. The fund gets its name from the revolving aspect of loan repayment, where the central fund is replenished as individuals project pay back their loans, creating opportunity to issue other loans for new projects. Fremont’s Revolving Loan Fund was established in 1985 to stimulate economic development by providing financial assistance to businesses. Increase rates are below prime rate and terms vary in accordance with the project and CDBG guidelines must be met.