« back to BGCDF website

Solve Your Financial Puzzle

with the City of Bowling Green's

Revolving Loan Fund

Eligible Borrowers

Applicants may be manufacturing, commercial, service, or retail businesses locating within the City of Bowling Green. Businesses cannot relocate outside of the Bowling Green's city limits during the term of the loan. All loans must be backed by appropriate collateral.

Loan Amount

A minimum of one job or its equivalent must be created for every $20,000 borrowed. Fifty-one percent of the created jobs must assist persons of low to moderate income households. For every $1 of RLF financing, there must be $1 of private financing available for the project.

Program Goals for the RLF

The City of Bowling Green believes that entrepreneurs need help in establishing job opportunities for our community. The Revolving Loan Fund has been established to offer "Gap Financing Assistance" for those Small Business who desire to create employment within the city limits. By meeting the minimum requirements and through establishing a partnership with an area bank, entrepreneurs can receive assistance of up to 50% of the commercial funds needed for business financial needs.

Success of the RLF

Since its creation in 1987, the City of Bowling Green Revolving Loan Fund has made over 100 loans in assisting area businesses. The fund has loaned over $2,637,000. It has helped to create numerous new jobs for low and moderate income individuals in our community. RLF recipients have included child day care, restaurants, retail shops, local manufacturing firms, and others.  Benefits are available for both existing and start-up businesses.  Bowling Green’s RLF helps businesses solve their financial puzzle and gives them the boost they need for success.

Interest Rates & Terms

Loans are made for a fixed term for three to five years. The Interest Rate is determined at 2/3 of Prime as listed in the Wall Street Journal on the day of closing. Fees include a $100.00 application fee, plus closing costs which are payable on the day of closing.