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As businesses and markets go through transition,
their borrowing needs often do not meet traditional
lenders requirements. The purpose of the
City-sponsored Community Development (CD) Revolving Loan
Fund is to help meet these needs when a qualifying
public policy purpose is also being achieved.
Key Public Policy Objectives include:
- Increased employment, with an emphasis on
targeted socio-economic groups that meet the
criteria defined under federal Department of Housing
& Urban Development (HUD) guidelines.
- Increased economic activity, through the
addition, expansion or retention of employers.
- Increased economic diversity, as new companies
may expand the services available in the
local/regional area.
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| Revolving Loan Process/Requirements |
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For more information, contact Scott Humprhies at
(209) 652-0442 or
shumphries@modestogov.com.
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