ECICOG COVID-19 Recovery Revolving Loan Fund (RLF)

The East Central Iowa Council of Governments (ECICOG), in partnership with the U.S. Department of Commerce – Economic Development Administration, has established a loan pool to help businesses in Cedar Rapids.

New or existing businesses in Cedar Rapids and surrounding areas may be eligible for loans of $25,000 to $500,000.  Typically, loans have a 5 to 7 year term with low rates.  Effective annual interest rates of 0% may be available for part of the loan term in some cases as an additional incentive.

This regional RLF program exists to help support small business growth in ECICOG’s six county service area.  As loans are repaid, funds go back into the loan pool to help more even more businesses with working capital and expansion needs.

For more information, reference the ECICOG COVID-19 Recovery RLF brochure.