FLASH: Financial Literacy Advisory Service Hub

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    • FLASH
    • Hub Workshop Series
      • Finance Masterclass
      • Weekend Accelerator
      • VC Accelerator
      • FLASH Class
      • Advisors
    • Economic Development
    • Contact
  • FLASH
  • Hub Workshop Series
    • Finance Masterclass
    • Weekend Accelerator
    • VC Accelerator
    • FLASH Class
    • Advisors
  • Economic Development
  • Contact

REVOLVING LOAN FUNDS (RLF)

Revolving Loan Fund

Revolving Loan Fund

Revolving Loan Fund

  The RLF is designed to “fill the gap” between what a bank can reasonably lend on a project and what the business can provide in equity. The RLF should complement the lending activities of commercial banks. 

Borrowers

Revolving Loan Fund

Revolving Loan Fund

As borrowers repay their loans, the payments are returned to the Revolving Loan Fund to make loans available to other businesses. In this manner, the fund becomes an ongoing, or revolving, financial tool. 

Oversight

Revolving Loan Fund

Oversight

 BSA supports funders' need to monitor loans on a regular basis to ensure compliance so that the monies are actively being used for eligible activities.

Revolving Loan Funds

BSA RLF Management

The offering of Revolving Loan Funds, with the addition of a qualified forgivable lending option, can provide a strategic boost to small businesses in a recovering economy. BSA recommends requiring ongoing business consulting as an eligibility requirement, and extending limited loan forgiveness on the basis of the recipients’ ability to repay.  Successful recipients of funds will be encouraged to participate in monthly consultations to help them adhere to their funding goals.


Circumstantial and conditionally forgiven priorities include: 

  • Gap lending
  • Job Retention
  • Covid-19 Resources & Support 



Benefits

 Successful recipients of funds will be encouraged to participate in monthly consultations to help them adhere to their funding goals.


Circumstantial and conditionally forgiven priorities include: 

  • Gap lending
  • Job Retention
  • Covid-19 Resources & Support 

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