Revolving Loan Fund

The City of Alma operates a Revolving Loan Fund that assists local businesses with growth and expansion.

Application Process

To apply for an RLF, a business owner must complete two documents and provide additional information that is requested in the application. Once the credit report form, the application, and the requested documents have been submitted to the City Manager, he will call a meeting of the DDA/RLF committee. The committee will evaluate the documents and decide to send them to City Council for final approval or deny the loan.

Below are the documents including the RLF guidelines, the application, and the credit report authorization.