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Revolving Loan Fund

An important regional economic development tool, NACOLG’s Revolving Loan Fund (RLF) program consists of locally controlled capital used to provide “gap” financing for new or expanding businesses looking to create or retain jobs. The program targets small- to medium-sized businesses, small manufacturing companies, and local municipalities, with the goal to stimulate, develop and advance business and economic development, ultimately reducing unemployment and creating jobs. The Revolving Loan Fund works cooperatively with lending institutions on loans the institutions might not ordinarily make on their own.

While NACOLG staff administers the program, the NACOLG RLF Loan Administration Committee – a group of ten representatives from Colbert, Franklin, Lauderdale, Marion, and Winston Counties – governs the RLF program. The Loan Administration Committee meets on an as-needed basis to discuss and vote upon all loan applications.

Department Contacts:

Morgan Tittle - Revolving Loan Fund Manager
mtittle@nacolg.org
256-389-0518

For more information including eligible activities, interest rates, loan terms, and funding amounts, see the documents below:

For more information regarding the RLF Program, please fill out the form below.

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The Northwest Alabama Council of Local Governments (NACOLG)

Thank you again for allowing your regional commission to serve the citizens of Northwest Alabama since 1967.

Location Address:
103 Student Drive
Muscle Shoals, AL 35661
Phone: 256-389-0500
Toll Free: 800-838-5845
Fax: 256-389-0599

Mailing Address:
NACOLG
Post Office Box 2603
Muscle Shoals, AL 35662

 

HAVE A QUESTION?

The Northwest Alabama Council of Local Governments (NACOLG) serves the five county region of Colbert, Franklin, Lauderdale, Marion, and Winston Counties along with the municipalities therein. We will be happy to assist you or answer any questions you may have.