Economic Development Program

Regional Revolving Loan Fund Program (RRLF)

Columbia Regional Economic Development Trust (CREDiT)

Rural Development Loan Fund (RDLF)

Microloan Revolving Fund (MRF)

Chilcare Microloan (CCML)

The primary purpose of the RRLF and of the RDLF is to assist businesses in our community to expand and prosper, and in doing so, create new jobs.

The RRLF and the RDLF are designed to "fill the gap" between the amount of conventional financing available and the amount needed for the project.  The intent of gap financing is to provide the amount needed to develop a job-creating business expansion.  Loans from $10,000 to $150,000 are available. 

CREDiT will also loan to start-up business with the potential to create jobs.  RDLF loans cannot finance more than 75% of the total project costs.

The MRF serves to provide financing for start-up or expanding businesses.  Loans from $500 to $35,000 are available to businesses in Benton, Franklin, Columbia, Garfield, Asotin, Whitman, and Spokane Counties. 

The CCML provides financing to child care providers to become, or continue to be, licensed.  Loans range from $500 to $5,000 for family home child care providers, and up to $25,000 for child care centers.  CCML serves numerous counties - please reference the link below for more information. 

The RRLF is sponsored by the Cities of Kennewick, Pasco and Richland through their Community Development Block Grant Program (CDBG) and the U.S. Economic Development Administration (EDA) and is administered by Benton-Franklin Council of Governments.  The RDLF is sponsored by the U.S. Department of Agriculture and is administered by CREDiT.  The MRF is funded by the Cities of Kennewick, Pasco, and Richland through their CDBG, Benton PUD, and Franklin PUD.  The CCML is funded through the Benton Franklin Community Action Committee through the Department of Community, Trade and Economic Development. 

Brochure & Loan Application

For a brochure explaining the RRLF and CREDiT loan programs, click here.

For a brochure explaining the MRF and CCML loan programs, click here. 

To download a loan application for the RRLF or CREDiT programs, click here.

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