Micro loan program using revolving fund
Town of ElmwoodIllinois- Detected
- Jul 7, 2026
- 113 days ago
- Sector
- Grants
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THE 30-SECOND BRIEF
Elmwood will discuss creating a micro loan program tied to its Revolving Loan Fund. Details such as program design, underwriting standards, and administration are not set yet. Community development consultants, CDFIs, and loan servicing platforms can help design guidelines, manage applications, and ensure compliance with any federal or state grant rules supporting the fund.
A separate USDA Revolving Loan Grant discussion under Unfinished Business may tie into this program.
From the meeting
- Meeting date
- July 7, 2026
- Agency
- Town of Elmwood
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