Downtown Hastings
Hastings, Nebraska

Revolving Loan Fund

The CRA's Revolving Loan Fund (RLF) is used to assist businesses and developers by providing low interest loans for business start-ups, business expansion, building rehabilitation and other designated uses.  Most often the CRA will participate with partner financial institutions to buy down the borrowers interest rate by blending the RLF low interest loan with the bank rate loan.  RLF rates range from 0% to 5%.

The Revolving Loan Fund was established in 2001 and is designed to assist businesses and developers by providing affordable loans for business start-ups, business expansion, building rehabilitation and other designated uses.  Most often the CRA will participate with partner financial institutions to buy down the borrowers interest rate by blending the RLF low interest loan with the bank rate loan.  RLF rates range from 0% to 5%.  The CRA has asssisted over 35 businesses through the RLF Program adding jobs, increasing valuation and sales tax revenue.  The RLF Program has a loan portfolio of over $600,000.

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