Ben Hill County Revolving Loan Fund Application 2025

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The document outlines the application process for the Ben Hill County Revolving Loan Fund, which aims to provide financial assistance to businesses in Ben Hill County, Georgia. It details eligibility criteria, required documentation, and the review process by the Revolving Loan Fund Committee. The fund is designed to support projects that create or retain jobs for low to moderate income individuals and enhance economic opportunities within the community. Additionally, it includes resources for applicants seeking assistance in starting or growing their businesses.
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  1. Click ‘Get Form’ to open the Ben Hill County Revolving Loan Fund Application in the editor.
  2. Begin by entering your Business Information. Fill in the Business Name, Location Address, and Contact Information. Describe your business and its products/services clearly.
  3. Proceed to Job Creation and Retention Information. Indicate the total number of employees and their positions. Specify if you anticipate layoffs without funding.
  4. In the Financial Section, detail how you plan to use the loan funds. Break down costs for real estate, equipment, and other expenses.
  5. Complete the Personal Information section for all individuals with an interest in the business, including tax returns and identification.
  6. Review your application thoroughly for completeness. Ensure all required documents are attached before submitting.

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Structure A revolving fund is established by its members who are users of funds for some specific purpose. After that, members collect an initial fund investment, and then the fund is given to the member who needs and is willing to borrow at agreed terms.
Starting a Revolving Loan Fund Research existing RLFs and compile samples of application forms, program guidelines, and other materials. Invite lenders and potential borrowers to participate in the design process. Establish the purpose of the RLF. Set the eligibility requirements for borrowers.
Revolving loan funds (RLFs) use a source of capital, typically offered by a local or state government, to make direct loans to borrowers for clean energy projects. Proceeds from loan repayments flow back into the fund and become available to lend again.

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The ideal balance for a revolving fund should be twice the average monthly expenditures. Depending on project activity, it may be determined that the advance amount should be permanently or temporarily increased or decreased.
Revolving loan funds (RLFs) use a source of capital, typically offered by a local or state government, to make direct loans to borrowers for clean energy projects. Proceeds from loan repayments flow back into the fund and become available to lend again.
The most common type of revolving fund is the line of credit. A revolving fund is intended to pay for short-term needs, such as variations in the working capital requirements of a company that is subject to seasonal sales.

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