Revolving Loan Fund

The City’s Revolving Loan Fund (RLF) program was established in 1983. It was initially capitalized with a $300,000 Community Development Block Grant (CDBG), and as such, the City typically requires that loans are used to create economic development and improved housing opportunities for low and moderate income people. Today, the City’s program has a portfolio of approximately 28 loans totaling $1.7 million.

The City’s RLF program can be used to support the following:

  • Economic development projects (i.e., real estate development, tenant fit-up, equipment purchases, etc.)
  • Housing projects / renovations for units occupied by low income households
  • Renovation to social service agencies and child care facilities which primarily serve low income households

Loan Requests

Loans typically range from $1,500 to $250,000, with terms of three to 20 years, and interest rates of between three to ten percent. Terms and conditions are negotiated by the City for each individual loan.

Loan requests are reviewed by the City’s Community Development Advisory Committee (CDAC), which typically meets monthly. Sample projects funded with the City's RLF program include:

  • $1,500 loan to a private homeowner for replacement of a hot water heater
  • $120,000 loan to a local child care provider for renovations
  • $125,000 loan to a condominium association for roof repairs
  • $175,000 “bridge loan” to a private developer for a downtown development project
  • $200,000 loan to a mobile home park cooperative to replace water and sewer mains

To obtain additional information and application forms, click on the links below:

For additional information about the City's Revolving Loan Fund Program, contact the Community Development Department at 603-225-8595 or by email at

Capital Regional Development Council Revolving Loan Programs

The Capital Regional Development Council (CRDC) is private, nonprofit, regional development corporation which provides a variety of economic development services in central New Hampshire including various revolving loan fund programs. Specific loan funds include:

  • Opportunity Corridor Loan Fund: Dedicated to projects primarily adjacent to the I-93 corridor in Concord
  • Brownfields Revolving Loan Fund: Loans intended to facilitate environmental cleanup activities, such as asbestos abatement, lead paint abatement, removal of contaminated soils, etc.

For additional information about the CRDC's Revolving Loan Programs, contact the Capital Regional Development Council at 603-228-1872.