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Revolving loan fund administrative manual form 2025

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The Revolving Loan Fund (RLF) Administrative Manual provides comprehensive guidelines for managing the RLF grant program established by the U.S. Environmental Protection Agency (EPA) to facilitate the cleanup and redevelopment of brownfields. It outlines the roles and responsibilities of various stakeholders, including EPA, recipients, borrowers, and cleanup subgrantees. The manual details procedures for negotiating cooperative agreements, financial management, environmental cleanup responsibilities, marketing strategies for attracting borrowers, and compliance with federal laws. It emphasizes the importance of community involvement in cleanup processes and sets forth requirements for reporting and record-keeping to ensure accountability and transparency in the use of funds.

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What is a revolving loan fund?

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.

What is RLF?

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.

What does it mean to capitalize a revolving loan fund?

Capitalizing a Revolving Loan Fund Initial funding, or capitalization, of a revolving loan fund usually comes from a combination of public sources, such as the local, state, and federal governments, and private ones like financial institutions and philanthropic organizations.

What is the difference between a loan and a revolving loan?

If you only need a once-off amount for a specific purpose, a personal loan may be the best option for you. How does it work? A revolving loan offers ongoing credit as long as you keep up with the minimum payments. The more you pay back on a revolving loan, the more you have available to use again.

What is considered a revolving loan?

If youre wondering what revolving credit is, you may be more familiar with it than you think. Revolving credit is a type of loan thats automatically renewed as debt is paid. It helps to give cardmembers access to money up to a preset amount, also known as the credit limit.

What is a revolving loan and how does it work?

A revolving loan is a financial product that gives you access to credit that can be withdrawn as funds when needed so long as the account holder keeps up with repayments. In this way, revolving loans are similar to credit cards or overdrafts, which can be withdrawn from and repaid repeatedly.

Revolving loan fund administrative manual form 2025

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