BuiltWithNOF
BUSINESS LOANS

Community Development Assistance Program (CDAP)

Local Revolving Loan Fund Program

PURPOSE:

To make available needed, reasonable term loans at an attractive blended interest rate to existing and potential business/property owners to invest in the Village of Mark with the result of job creation and/or retention for low to moderate income persons.

GOALS AND OBJECTIVES OF THE REVOLVING FUND (RF)

The goal of the Mark Community Development Assistance Program Revolving Loan fund is to retain/create living wage jobs for Mark area residents. The objectives to support these jobs is to assist existing and new area business and industry through the provision of low interest GAP financing or the provisions of infrastructure loans (i.e. water, sewer, roads) to induce private sector job creation/retention investments.

Persons and/or businesses interested in applying for the Village of Mark Revolving Loan Fund can contact:

NORTH CENTRAL COUNCIL OF GOVERNMENT

PRINCETON, IL

815-875-3396 (ask for Nora)

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