Category: Local Incentives, Grants & Loans
Deuel, Hamlin, and Kingsbury Revolving Loan Funds
These revolving loan funds were established in the mid 1990's by Community Development Block Grants, which were loaned to a business in each of the respective counties. As these loans were paid back, each county established a revolving loan fund, which the FDDC now manages. The original loan amounts were $60,000 in Deuel County, $250,000 in Hamlin County, and $100,000 in Kingsbury County. The criteria and terms for these loan funds are very similar to those of the First District's RLF.