The City of Elgin Revolving Loan Fund (RLF) helps support local business growth by offering low-interest financing to eligible businesses within the community. The program is designed to supplement traditional financing and assist with projects that create or retain jobs.
Eligible uses include:
- Land or building acquisition
- Construction or remodeling
- Machinery, equipment, furniture, or fixtures
- Working capital for start-ups or business expansion
Loans feature competitive interest rates, flexible terms, and require collateral and a minimum equity contribution. Full program details and application information are available in the brochure below.
