Sample Local Revolving Loan Fund Ordinance | Calhoun, Ga

This City of Calhoun ordinance outlines the structure and requirements of its Revolving Loan Program, which provides gap financing to support local businesses, encourage downtown investment, and create or retain jobs for low- and moderate-income residents. It covers applicant eligibility, required documentation, loan terms, interest-rate approval, private financing and equity requirements, program compliance, and the responsibilities of the Revolving Loan Advisory Commission.