Before an RLF loan can be requested, the business in consideration must provide written documentation that all other financing alternatives have been exhausted or insufficient rate of return exists to the business for the project to proceed.
Job creation and/or retention must also be included as part of the project. One full-time equivalent job must be created or retained for approximately each $20,000 of RLF assistance.
The purpose of the RLF is to support business activities for which credit is not otherwise available on terms and conditions which would permit completion and/or the successful operation or accomplishment of the project.
For more information, please contact:
- The City of Portsmouth Community Development Department
728 Second St.
Portsmouth, Ohio 45662
- Kendra Conley, Scioto County Revolving Loan Fund, at (740) 355-1274
- Bob Huff, Southern Ohio Growth Partnership, at (740) 353-7647